P1racenews AI automatic summary:
Formula 1 president and chief executive Stefano Domenicali has signed a new long-term deal to remain in post.
F1 announced a new long-term deal for president and CEO Stefano Domenicali until 2029, continuing his role after taking over in 2021 from Chase Carey. Under Domenicali’s leadership, F1 has seen significant growth, introducing sprint races, expanding to locations like Miami and Las Vegas, and renewing contracts with existing countries. Domenicali, formerly of Ferrari, led the team to success and held leadership positions at Audi and Lamborghini before returning to F1 in 2021 with support from senior figures such as Toto Wolff and Christian Horner. Domenicali expressed gratitude for the trust placed in him by Liberty Media and emphasized a commitment to serving the best interests of F1 fans. Liberty Media’s president Derek Chang praised Domenicali’s energy and enthusiasm, highlighting his role in accelerating the growth of Formula 1 both commercially and in fan engagement. Liberty Media looks forward to the continued success and leadership of Domenicali and the Formula 1 team for the years ahead.
