MONTMELO, SPAIN - MARCH 04: James Allison, Chassis Technical Director of Ferrari looks on outside the garage during day four of F1 winter testing at Circuit de Catalunya on March 4, 2016 in Montmelo, Spain. (Photo by Mark Thompson/Getty Images)

The Mercedes Formula One team today confirmed the speculation that former Ferrari man James Allison was indeed joining the Brackley based squad as Technical Director.

James, who is taking the place vacated by Paddy Lowe at the end of 2016, will join the team on March 1st under a slightly different guise.

A highly distinguished Formula 1 engineer who has won world championships with both Ferrari and Renault, in addition to holding senior leadership roles in both teams, will join Mercedes in the newly created role of Technical Director and will lead the Technical organisation.

"I am very excited to be getting back to work after this time away from the sport,” he said. “It's a massive privilege to be given the trust of a position in a team that has done so spectacularly well in the past three seasons. I am really looking forward to playing my part in helping Mercedes go from strength to strength in the coming years."

James will be welcomed warmly by the established group of senior technical managers that delivered the last three Formula One double world championships and will report directly to Toto Wolff, who will have overall responsibility for running the team.

"I am delighted to welcome James to Mercedes and very much looking forward to working with him,” Toto said. “Our technical team is extremely skilled at every level and at the top of its game after delivering three world championships in a row.”

“It wasn't an easy task to find the right personality who can strengthen our experienced group of engineers, give our talented young team members the space to develop and also bring his own vision to this role. James is a sharp engineer; I think we have found the perfect guy and the right fit with our senior leaders."