Liberty Media announced this week ahead of Sunday’s Formula One season-opening Australian Grand Prix at Melbourne’s Albert Park that Stefano Domenicali will remain as President and CEO of Formula One until the end of 2029.
Domenicali joined Formula One as President and CEO in January 2021 and has helped the sports growth in recent years.
The Italian became involved in Formula One when he joined Ferrari in 1991 and worked his way up the Italian team becoming Team Principal in 2008 before leaving the sport in 2014 joining Audi as Vice President of New Business.
In 2016, Domenicali became Chairman and CEO of Lamborghini.
Derek Chang, President and CEO of Liberty Media, said:
“We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead. Stefano has been an excellent steward of the business, building on its successful foundation and accelerating Formula 1’s rate of growth both commercially and in fan engagement. His energy and enthusiasm for the sport translate into highly effective strategy and results. On behalf of Liberty, we are thankful for his partnership and incredibly optimistic about the continued success the F1 team can drive for the sport, our fans, partners and shareholders.”
Stefano Domenicali, President and CEO of Formula 1, said:
“I am honoured to continue to lead this incredible sport, which I love and has been part of my life since my childhood and grateful to the Liberty Media Team for their trust. Together, with all the relevant F1 stakeholders, we will continue to serve the best interest of our fans, as they are the heartbeat of everything we do. The passion, the energy and the adrenaline are the fuel that powers me every day to give my absolute best to Formula 1.