Domenicali to become new F1 CEO

23 Sep 2020

By: Sport Industry Group

Former Ferrari team principal Stefano Domenicali has been named as the new CEO of Formula 1, joining from next season onwards, sources have confirmed.

Domenicali, 55, left Ferrari in 2014 and has been in role as CEO of Lamborghini ever since. Formula 1 have not yet formally confirmed his appointment, but the news has been communicated to team bosses.

Chase Carey, who replaced Bernie Ecclestone as CEO and Chairman of Formula 1 in 2017 when Liberty Media bought the sport, will stay on as Chairman.

Domenicali took over at Ferrari in 2007 after Jean Todt left the role. Todt is now FIA President, meaning both Formula 1’s commercial rights holder and governing body will be run by former Ferrari bosses. Todt, however, will not be standing for re-election after his term ends next year.

Domenicali will be tasked with navigating Formula 1, which is active across the globe, through a post-Covid world where travel and fan attendance is likely to be limited.