Stefano Domenicali is going to stay in his current role with Formula 1 for a few more years.
Stefano Domenicali extends term as President and CEO of F1
F1 President and CEO Stefano Domenicali is going to be in his role for a few more years
Mark Schofield is a former college quarterback and attorney covering the NFL and F1.
In a statement Wednesday ahead of the season-opening Australian Grand Prix Liberty Media announced that Domenicali would continue as the President and CEO of F1 for an additional five years, extending his term through the 2029 season. Since taking on that role at the start of 2021, Domenicali has ushered in a new era of global growth for the sport, including expansion in the United States. Both the Miami Grand Prix and the Las Vegas Grand Prix joined the schedule under his leadership.
“We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead. Stefano has been an excellent steward of the business, building on its successful foundation and accelerating Formula 1’s rate of growth both commercially and in fan engagement,” said Derek Chang, the President and CEO of Liberty Media, F1’s ownership group.
“His energy and enthusiasm for the sport translate into highly effective strategy and results. On behalf of Liberty, we are thankful for his partnership and incredibly optimistic about the continued success the F1 team can drive for the sport, our fans, partners and shareholders.”
“I am honored to continue to lead this incredible sport, which I love and has been part of my life since my childhood and grateful to the Liberty Media Team for their trust,” said Domenicali. “Together, with all the relevant F1 stakeholders, we will continue to serve the best interest of our fans, as they are the heartbeat of everything we do. The passion, the energy and the adrenaline are the fuel that powers me every day to give my absolute best to Formula 1.”
The 2025 F1 schedule includes 24 races, another aspect of Domenicali’s leadership. Under his stewardship the schedule has expanded, going from 19 races during 2019 (the last season before the COVID-19 pandemic) to the current schedule of two dozen races.
This year’s schedule kicks off later this week with the Australian Grand Prix.
See More:
