Domenicali extends F1 CEO contract to the end of 2029

Stefano Domenicali will proceed as president and CEO of Formulation One Administration for an additional 5 years, the business rights holder for the Formulation 1 championship has introduced.

The ex-Ferrari F1 group boss has helmed FOM because the begin of 2021 and has overseen a interval of sturdy development by way of fan curiosity within the collection and improved monetary well being for its stakeholders – together with the groups.

Domenicali is the second FOM CEO appointed since Liberty Media took over as proprietor of F1’s business rights in 2017, after his predecessor, Chase Carey.

Domenicali ran the Ferrari squad between 2008 and 2013, earlier than becoming a member of Audi as vice chairman of latest enterprise initiatives in 2014 – two years earlier than he turned chairman and CEO of Lamborghini.

“I’m honoured to proceed to steer this unimaginable sport, which I really like and has been a part of my life since my childhood and grateful to the Liberty Media group for his or her belief,” Domenicali mentioned in a FOM assertion.

“Collectively, with all of the related F1 stakeholders, we are going to proceed to serve the perfect curiosity of our followers, as they’re the heartbeat of every thing we do.

“The eagerness, the vitality and the adrenaline are the gas that powers me on daily basis to present my very best to Formulation 1.”

The FOM assertion mentioned Domenicali would lead the championship by means of the 2029 season, which would be the fourth of latest chassis and engine design laws coming into power subsequent yr.

There had been hypothesis that Domenicali may depart F1 on the expiration of his earlier deal and switch his hand in the same method to MotoGP, following Liberty’s acquisition of the bike world championship final yr.

However FOM sources at all times indicated this was broad of the mark and Domenicali’s place continued to seem sturdy at the same time as earlier Liberty chief Greg Maffei stepped down on the finish of 2024.

Autosport understands that the brand new president and CEO of Liberty – Derek Chang – is happy with the present association and can permit Domenicali and his group the liberty to function as that they had earlier than.

In the identical FOM assertion, Chang mentioned: “On behalf of Liberty, we’re grateful for his partnership and extremely optimistic concerning the continued success the F1 group can drive for the game, our followers, companions and shareholders.”

The 2025 F1 season will get beneath method with this weekend’s Australian GP – the primary race in what’s predicted by many observers to be a detailed and aggressive marketing campaign.