Stefano Domenicali renews as CEO from F1 until 2029

Liberty Media extended the link with the Italian for five years and will continue in charge of the category.

Liberty Media, the company that owns Formula 1, decided to extend the Stefano Domenicali contract until the end of 2029 and will continue as president and executive director of the category. The Italian assumed his position on January 1, 2021 and decided to extend it for a new period.

“We are delighted to renew Stefano and we look forward to his leadership, along with the talented direction of Formula 1, for the coming years. Stefano has been an excellent business manager, consolidating its successful bases and accelerating the growth rate of the category, both commercially, and in interaction with fans. His energy and enthusiasm for sport translate into a very effective strategy and results. On behalf of Liberty, we appreciate your collaboration and we feel greatly optimistic about the continuous success that the F1 team can promote for sport, our fans, partners and shareholders “, said Derek Chang, CEP de Liberty Media in a statement.

“I feel honored to continue leading this incredible sport, which I love and has been part of my life from my childhood, and I am grateful to the Liberty Media team for their trust. Together, with all the relevant interest groups of the F1, We will continue watching for the well -being of our fans, since they are the engine of everything we do, “said Domenicali, who held the position of Ferrari director from November 2007 to April 2014.