Former Ferrari principal Stefano Domenicali will be making a return to Formula 1 as the CEO of the sport.
The current CEO Chase Carey took the position in 2017 January in a Liberty Media takeover and he has been overseeing the success of the 2017,2018,2019 and 2020 Formula 1 seasons as well as the successful completion of the negotiations aiming to extend Formula 1’s concorde agreement with the 10 participating teams. Chase Carey also holds the position of the F1 chairman, will be retaining links to the F1 sport even as he hands over his CEO role.
55-year-old Stefano Domenicali is well known for his former role at Scuderia Ferrari and is well connected to Formula 1 managing director Ross Brawn and FIA president Jean Todt. He was born in Imola and studied at the University of Bologna, later joining the Ferrari team in 1991. Stefano later in 2007 took the head of the Ferrari team from Todt and oversaw the team’s success up to 2014, when he stepped down.
In December 2014, Stefano Domenicali took over as the head of the FIA’s single seater comission and two years later he became the Lamborghini CEO, the company which is allegedly believed to be up for sale by the parent company Audi. Domenicali will be taking up his new role before the beginning of next season.
The appointment of Domenicali means the top roles at both F1’s governing body and commercial rights holder will be held by former Ferrari principals. However Todt, who became FIA president in 2010, has indicated he will not seek re-election when his current term expires at the end of next year.
