P1racenews AI automatic summary:
Liberty Media, who own the commercial rights for F1, have announced a change to the chairman role of the company.
Liberty Media, the company that owns the commercial rights for F1, has announced a change in the chairman of the board.
John C. Malone, the founder of the company in the early 1990s, will step down from the board of directors on January 1, 2026, transitioning to the role of Chairman Emeritus.
Robert Bennett, currently the vice chairman, will take over Malone’s duties as the chairman.
Malone expressed his satisfaction with his time as chairman and endorsed Bennett as his successor.
Bennett has been serving as vice chairman since January 1, 2025, and has been associated with Liberty Media since 1994.
In response, Bennett thanked Malone for his leadership and expressed gratitude for the opportunity to take on the chairman role.
