P1racenews AI automatic summary:
F1 has revealed that President and CEO Stefano Domenicali has agreed with Liberty Media to continue in his role through 2029.
In 2021, Stefano Domenicali succeeded Chase Carey as the F1 chief, and has recently secured a five-year extension for his leadership, marked by significant growth of the series. During Domenicali’s tenure, Formula 1 has expanded to a 24-race calendar, attracting interest from various global regions as the sport’s fan base continues to increase. Domenicali, a former Ferrari Team Principal, expressed his gratitude to the Liberty Media Team for their trust in him to lead the sport he loves since childhood. He emphasized that, in collaboration with all F1 stakeholders, they will prioritize fans, who are the essence of their operations. Derek Chang of Liberty Media praised Domenicali’s stewardship, acknowledging his strategic leadership and commitment to the sport’s growth, as well as expressing optimism for continued success under his guidance.
