Stefano Domenicali's Leadership Drives Formula One to a New Era

Stefano Domenicali's contract as CEO of Formula One has been extended until 2029 by Liberty Media, reflecting the sport's remarkable growth under his leadership. The former Ferrari and Lamborghini executive has overseen significant commercial and fan engagement growth since taking over from Chase Carey in 2021.

Stefano Domenicali will continue to lead Formula One until at least 2029 after securing a five-year contract extension from Liberty Media, the sport's commercial rights holder. This announcement comes just before the Australian Grand Prix in Melbourne this weekend, highlighting his crucial role in the sport's development.

The 59-year-old Italian has been an influential figure since taking over from Chase Carey in 2021. Previously, he held prestigious roles as the former team principal at Ferrari and CEO at Lamborghini, bringing a wealth of experience to Formula One. Under his leadership, the sport has seen unprecedented global growth and increased popularity.

Liberty Media CEO Derek Chang praised Domenicali, stating that he has been an exemplary leader, enhancing the sport's commercial success and fan engagement. As the sport continues its trajectory of expansion, Domenicali's guidance is seen as pivotal in navigating these dynamic developments.

(With inputs from agencies.)