Liberty Media: Domenicali an excellent steward of the business

Domenicali, who took over the role on 1 January 2021, has overseen a period of substantial growth for the sport, with increased global popularity, rising fan engagement, and commercial success across sponsorship, media rights, and race promotion.

Derek Chang, President and CEO of Liberty Media, praised Domenicali’s impact on the sport and his continued 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. 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," added Chang.

Domenicali expressed his gratitude for the extension and his commitment to further developing Formula 1: “I am honoured 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.

"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," declared the 59-year-old Italian.

Before joining Formula 1, Domenicali built a career in motorsport and automotive leadership. He started at Ferrari in 1991, where he rose through the ranks to become Team Principal in 2008.

After leaving Ferrari in 2014, he joined Audi AG as Vice President of New Business Initiatives before taking over as Chairman and CEO of Lamborghini in 2016. Under his leadership, Lamborghini expanded its presence in global markets, achieving significant financial success.

Domenicali’s extended tenure ensures continuity as Formula 1 continues to evolve, with a focus on expanding its global footprint, engaging new audiences, and shaping the future of the sport.