On the eve of the start of the 2018/19 ABB FIA Formula E season, the Ad Diraiyah ePrix in Saudi Arabia this weekend, it has been announced that the founder and CEO of the sport, Alejandro Agag was been named Chairman with immediate effect.

Speaking about the news, Agag said:

It’s time to open a new phase in the world’s fastest-growing motorsport. I’m really proud of the job we’ve done, together with the FIA, our management team, shareholders, partners and teams. Formula E is in the best moment of its short history. As Chairman, I’ll be better placed to help the new CEO and our strong management team to continue growing the sport that I believe is the future of motor racing.”

Speaking about the news on behalf of ABB FIA Formula E shareholders, Simon Freer said:

“Under Alejandro’s leadership as CEO, the series has established itself as a leading global motorsport and is set to continue its impressive performance and trajectory going forward. We look forward to continue working with both Alejandro as Chairman and the new CEO to bring Formula E to the next level.”

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