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Chairman of F1 owners steps down as replacement confirmed
The chairman of Liberty Media, John Malone, crucial in the purchase of Formula 1, will step down at the beginning of 2026. Malone played a key role in acquiring F1 and MotoGP, aiding Liberty’s expansion over the last decade. His replacement, Robert R. “Dob” Bennett, is already lined up to take over once Malone steps aside, who will assume the role of chairman emeritus. Malone’s significant contribution to F1’s success under Liberty’s ownership has been pivotal, with F1’s mainstream popularity growing notably since the 2017 acquisition, driven by the annual documentary “Drive to Survive.” Malone expressed his gratitude for his time at Liberty, announcing Bennett as his successor, confident in Liberty’s future. Bennett will work alongside current president and CEO Derek Chang and former F1 CEO Chase Carey, who transitioned to a more behind-the-scenes role in F1. Bennett thanked Malone for his mentorship and leadership, and the board expressed gratitude for Malone’s continuing involvement as chairman emeritus.
