Domenicali to become new CEO of Formula 1, with Carey becoming non-executive chairman

Stefano Domenicali is to become President and CEO of Formula 1 in January 2021, with Chase Carey, the current Chairman and CEO, moving to the role of non-executive Chairman.

Long-term F1 fans will remember Domenicali, 55, for his time at Ferrari, the Italian having joined the Scuderia in 1991 and remained with the team until early 2014.

During that spell he worked alongside current Formula 1 motorsport boss Ross Brawn as Team Manager, before becoming Sporting Director in 2002 and then Team Principal in 2008. Most recently he has served as CEO of notable sportscar firm Lamborghini, having joined parent company Audi in 2014, while also acting as the President of the FIA’s single seater commission.

“I am thrilled to join the Formula 1 organization, a sport that has always been part of my life,” said Domenicali. “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.

“The past six years at Audi and then leading Lamborghini have given me broader perspective and experience that I will bring to Formula 1.”

Article continued on the Formula 1 website here...