P1racenews AI automatic summary:
Stefano Domenicali is to remain at the helm of Formula 1 as its CEO after agreeing a five-year contract extension
Stefano Domenicali has agreed to a five-year contract extension to continue as the CEO of Formula 1. His initial deal was set to expire at the end of this year, but it was expected for him to stay on to guide the sport through the upcoming rule changes. Domenicali succeeded Chase Carey as CEO in 2021 and has been instrumental in the expansion of F1 post-COVID pandemic, building on the foundations laid by Carey. With the support of Liberty Media, he has not only expanded the racing calendar but also attracted a larger fan base. His leadership has been crucial in the growth and success of Formula 1 in recent years.
