Just as the 2025 Formula 1 season is set to race for the first time, Formula 1 has announced that President and CEO Stefano Domenicali has extended his agreement with Liberty Media in a five-year renewal, continuing to lead the business through 2029. Stefano took on the role of President and CEO on January 1, 2021, and has played a pivotal role in driving the sport to new heights of success while solidifying its status as a global phenomenon.
Under Stefano’s leadership, Formula 1 has experienced remarkable growth, with soaring interest and demand for races worldwide. The sport has seen significant momentum in fan engagement and commercial success across various areas, including sponsorships, media rights, and race promotion. Today, the Formula 1 ecosystem is stronger than ever for stakeholders. The ongoing strategy to innovate, engage audiences in new ways, and improve fan experiences promises to continue propelling the sport’s success in the years ahead.
Derek Chang, President and CEO of Liberty Media, said:“We are thrilled to renew Stefano’s agreement and look forward to his ongoing leadership alongside the talented Formula 1 management team. Stefano has been an outstanding steward of the business, building on its strong foundation and accelerating Formula 1’s growth both commercially and in fan engagement. His boundless energy and enthusiasm for the sport translate into highly effective strategies and impressive results. On behalf of Liberty, we are deeply grateful for his partnership and remain incredibly optimistic about the continued success the Formula 1 team will deliver for the sport, our fans, partners, and shareholders.”
Stefano Domenicali, President and CEO of Formula 1, commented:“I am honored to continue leading this incredible sport, which I love and has been a part of my life since childhood. I’m deeply grateful to the Liberty Media team for their trust. Together, with all of Formula 1’s stakeholders, we will continue to serve the best interests of our fans, who are the heartbeat of everything we do. Their passion, energy, and adrenaline are the fuel that drives me every day to give my absolute best to Formula 1.”
Before joining Formula 1, Stefano began his professional career at Ferrari in 1991, where he held various roles with growing responsibilities, eventually becoming Team Principal in 2008. In 2014, he joined Audi AG as Vice President of New Business Initiatives. Later, in 2016, he was appointed Chairman and CEO of Automobili Lamborghini, where he successfully expanded the brand in key global markets and platforms, achieving notable financial success.