P1racenews AI automatic summary:
Formula 1’s president and CEO Stefano Domenicali will report to a committee of the Liberty Media board following the confirmation of Derek Chang as Liberty’s new CEO. Chang replaces Greg Maffei who…
After Derek Chang was announced as Liberty’s new CEO, Formula 1’s president and CEO Stefano Domenicali will now report to a committee of the Liberty Media board. Chang, who replaces Greg Maffei, has been a Liberty Media director since March 2021 and brings executive experience from various industries. Joining the executive committee, Chang will work closely with Malone, Dob Bennett, and Chase Carey. This new structure provides Domenicali with the freedom to oversee F1’s business operations more independently. Both Malone and Chang express excitement for the future of Liberty and the optimization of assets like F1. Chang’s long-term investment perspective aligns with Liberty’s strategy for continued growth and success.
