P1racenews AI automatic summary:
Stefano Domenicali will remain as CEO of Formula 1 until at least the end of 2029 after signing a five-year renewal to his agreement with the sport’s owner Liberty Media. Liberty selected Domenical…
Stefano Domenicali has signed a five-year extension to remain CEO of Formula 1 until at least the end of 2029, continuing the growth of the sport under his leadership since taking over in 2021. Liberty Media, the sport’s owner, praises Domenicali for strengthening the ecosystem for all stakeholders and driving innovation in Formula 1 to sustain its successful business momentum. Domenicali’s effective leadership has led to new sponsorship deals, such as the recent partnership with LVMH, and controversial decisions like approving Cadillac as the 11th team on the grid in 2026. Over the next five years, Domenicali plans to enhance the fan experience and expand the sport’s reach to new audiences, emphasizing the importance of fans as the driving force behind Formula 1’s success. With gratitude for the trust placed in him, Domenicali expresses his passion for the sport and commitment to serving the best interests of fans, stakeholders, and partners, fueling his dedication to Formula 1 each day.
