BREAKING NEWS : FORMER FERRARI BOSS DOMENICALI WILL REPLACE CHASE CAREY AS F1 PRESIDENT AND CEO
Stefano Domenicali will become the new boss of Formula 1 in 2021. The former Ferrari team boss will succeed American, Chase Carey from next year.
The appointment of the 55-year-old Domenicali does not come as a surprise after the news was rumoured in various media earlier in the week. The Italian is no stranger to the Formula 1 world. He last worked in the pinnacle of motorsport in 2014.
Domenicali left Ferrari in 2014 and was until now employed by another Italian car brand, Lamborghini. From 2008 to 2014, the Italian was team boss of the Scuderia, succeeding Jean Todt. Domenicali and Ferrari took the world and manufacturer’s title together in 2008. These are the last titles in Formula 1 of the illustrious red brand.
Domenicali also has a senior role at the FIA in the single-seater committee. It is not yet clear whether he will keep it. The Italian is seen as a charismatic man, with a strong character and an excellent manager. With the appointment of Domenicali, both the highest position in Formula 1 and in the FIA is managed by a former Ferrari team boss. Jean Todt is currently the President of the FIA and was the predecessor of Domenicali at Ferrari until 2008.
“Chase has done a phenomenal job leading F1. He assembled a first-class commercial and sporting organization that has a long list of achievements, including broadening the appeal of the sport, growing its digital presence, establishing new technical regulations, securing a cost cap for the first time and reaching a new more equitable Concorde agreement with the teams. His actions have reinforced F1 as the pinnacle of motorsport. As always, he has been a great partner and I look forward to his continued counsel in his new role as non-executive Chairman,” said Greg Maffei, Liberty Media President and CEO. “We are excited to welcome Stefano Domenicali as President and CEO of Formula 1. Stefano brings a rich history of success in F1 at Ferrari and the broader auto industry at Audi and Lamborghini.”
“It has been an honor to lead Formula 1, a truly global sport with a storied past over the last seventy years. I’m proud of the team that’s not only navigated through an immensely challenging 2020 but returned with added purpose and determination in the areas of sustainability, diversity and inclusion. I’m confident that we’ve built the strong foundation for the business to grow over the long term,” said Chase Carey, Formula 1 Chairman and CEO. “It’s been an adventure and I’ve enjoyed working with the teams, the FIA and all of our partners. I look forward to staying involved and supporting Stefano as he takes the wheel.”
“I am thrilled to join the Formula 1 organization, a sport that has always been part of my life. I was born in Imola and live in Monza. I’ve remained connected to the sport through my work with the Single Seater Commission at the FIA and I look forward to connecting with the teams, promoters, sponsors and many partners in Formula 1 as we continue to drive the business ahead,” said Stefano Domenicali. “The past six years at Audi and then leading Lamborghini have given me broader perspective and experience that I will bring to Formula 1.”
BREAKING NEWS : FORMER FERRARI BOSS DOMENICALI WILL REPLACE CHASE CAREY AS F1 PRESIDENT AND CEO BREAKING NEWS : FORMER FERRARI BOSS DOMENICALI WILL REPLACE CHASE CAREY AS F1 PRESIDENT AND CEO
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