Formula 1

FORMER FERRARI BOSS DOMENICALI BECOMES NEW FORMULA 1 CEO

Published

2 years ago

22/09/2020

FORMER FERRARI BOSS DOMENICALI BECOMES NEW FORMULA 1 CEO

Former Ferrari team principal Stefano Domenicali is to become the new boss of Formula 1 next year.

( Former Ferrari Boss Domenicali Formula 1 CEO )- The Italian, who left Ferrari early in 2014, is the chief executive of sports car manufacturer Lamborghini. Will replace Chase Carey as Formula 1 CEO next year.

The 55-year-old’s appointment has not been announced by F1, but has been confirmed to the BBC by senior sources.

Chase Carey, CEO and chairman of Formula 1 since US group Liberty Media took over the sport in 2017, will stay as chairman in a form still to be decided.

A spokesman for Formula 1 declined to comment on Domenicali’s new position. Domenicali himself did not immediately respond to a request to comment.

The news has been communicated to team bosses.

Domenicali’s appointment means the sport’s commercial rights holder and governing body will both be led by former Ferrari team bosses.

DOMENICALI NEW FORMULA 1 CEO

Domenicali took over at Ferrari from Jean Todt, the current FIA president, at the end of 2007.

Todt has said he will not stand for re-election when his third term ends next year.

Domenicali is a highly respected and well-liked figure in Formula 1, a charismatic and genial character with a strong track record in management.

He is the last team principal under whom Ferrari won a world title – the constructors’ championship in 2008.

He resigned in 2014 after refusing to comply with then-president Luca di Montezemolo’s wish for him to sack Ferrari’s engine head after the team badly underestimated the requirements of the new turbo-hybrid engine regulations.

Domenicali then took up a senior management role at Audi, before being appointed chief executive of Lamborghini, which is also part of the VW Audi Group.

He also has a senior role at the FIA as head of the single-seater commission.