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Liberty Media declares Stefano Domenicali to be appointed President and CEO of Formula 1

ENGLEWOOD, Colo.–(BUSINESS WIRE) — Liberty Media Corporation (“Liberty Media”) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) introduced this day that Stefano Domenicali will contemplate the characteristic of President and CEO of Formula 1 in January 2021. Scoot Carey, the most modern Chairman and CEO, will switch to the characteristic of non-govt Chairman.

“Scoot has performed a terrific looking out job main F1. He assembled a serious-class business and wearing organization that has a protracted list of achievements, including broadening the attraction of the game, increasing its digital presence, setting up unique technical regulations, securing a notice cap for the basic time and reaching a novel more equitable Concorde agreement with the groups. His actions receive bolstered F1 because the pinnacle of motorsport. As repeatedly, he has been a gargantuan companion and I keep up for his persevered counsel in his unique characteristic as non-govt Chairman,” stated Greg Maffei, Liberty Media President and CEO. “We are mad to welcome Stefano Domenicali as President and CEO of Formula 1. Stefano brings a wealthy history of success in F1 at Ferrari and the broader auto alternate at Audi and Lamborghini.”

“It has been an honor to e book Formula 1, a genuinely world sport with a storied past over the closing seventy years. I’m proud of the team that’s now not easiest navigated through an immensely disturbing 2020 nonetheless returned with added motive and decision in the areas of sustainability, selection and inclusion. I’m assured that we’ve constructed the stable foundation for the business to develop over the long depart,” stated Scoot Carey, Formula 1 Chairman and CEO. “It’s been an adventure and I’ve loved working with the groups, the FIA and all of our companions. I keep up for staying fervent and supporting Stefano as he takes the wheel.”

“I am overjoyed to be part of the Formula 1 organization, a sport that has repeatedly been fraction of my lifestyles. I became once born in Imola and stay in Monza. I’ve remained linked to the game through my work with the Single Seater Commission at the FIA and I keep up for connecting with the groups, promoters, sponsors and plenty companions in Formula 1 as we proceed to power the business ahead,” stated Stefano Domenicali. “The past six years at Audi and then main Lamborghini receive given me broader level of view and skills that I will bring to Formula 1.”


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