In the middle of the week, several news outlets independently reported that Chase Carey, who had been managing CEO of Formula One since joining Liberty Media in the U.S. in 2017, would resign at the end of the year and be replaced by Ferrari from 2008 to 2014 as team boss. after that he also turned up at Audi, Stefano Domenicali, who has been leading Lamborghini in recent years.
F1 officially confirmed the above on Friday afternoon, from January 2021 the Italian specialist will be the new CEO. Carey will continue in an advisory capacity as Chairman of the Board.
Liberty Media have confirmed that Stefano Domenicali will take up the role of President and CEO of Formula 1 in January 2021
– Formula 1 (@ F1) September 25, 2020
“I join the Formula 1 organization with great excitement, the sport has always been a part of my life. I was born in Imola and live in Monza. Through the FIA Design Car Committee, I have stayed in touch with the sport throughout and look forward to working with teams, race organizers, sponsors and other F1 partners. Over the last six years, I have expanded my perspective at Audi and then under the leadership of Lamborghini, I have gained new experiences, I bring these with me to Formula 1, ”said Domenicali.
Owner Liberty Media CEO Greg Maffei said in a statement that the outgoing Carey had done “phenomenal” work at the head of F1 to build a new business organization, expand the sport’s appeal, create a digital presence, introduce new technical rules and a spending cap, and under the roof of the Concorde Convention before welcoming Domenicali in Formula One.
Resigning Carey said:
“It was an honor for me to lead Formula 1, a true global sport with a history dating back 70 years. I am proud of our staff for being able to navigate through the incredibly difficult 2020, and we have even set new goals for sustainability, diversity for inclusion. I am convinced that we have created a strong foundation for the long-term further growth of the business. It was a real adventure for me, I enjoyed working with the teams, the FIA and our other partners. I will continue to be here, supporting Stefano, who will take over. ”