Stefano Domenicali will become the new chief of Formula 1 in 2021. The former Ferrari team boss will succeed American, Chase Carey from next year.
The appointment of the 55-year-old Domenicali does not come as a shock after the news was rumored in various media earlier in the week. The Italian is no stranger to the Formula 1 world. He last worked in the pinnacle of motorsport in 2014.
Domenicali left Ferrari in 2014 and was until now employed by another Italian car brand, Lamborghini. From 2008 to 2014, the Italian was team boss of the Scuderia, succeeding Jean Todt. Domenicali and Ferrari took the world and manufacturer’s title together in 2008. These are the last titles in Formula 1 of the illustrious red brand.
Domenicali also has a senior role at the FIA in the single-seater committee.
It is not yet clear whether he will keep it. The Italian is seen as a charismatic man, with a tough character and an excellent manager. With the selection of Domenicali, both the highest position in Formula 1 and in the FIA is managed by a former Ferrari team boss. Jean Todt is now the President of the FIA and was the predecessor of Domenicali at Ferrari until 2008.
“Chase has done a phenomenal job leading F1. He assembled a first-class commercial and sporting organization that has a long list of achievements, including broadening the appeal of the sport, growing its digital presence, establishing new technical regulations, securing a cost cap for the first time and reaching a new more equitable Concorde agreement with the teams. His actions have reinforced F1 as the pinnacle of motorsport.
As always, he has been a great partner and I look forward to his continued counsel in his new role as non-executive Chairman,” stated Greg Maffei, Liberty Media President and CEO.
“We are excited to welcome Stefano Domenicali as President and CEO of Formula 1. Stefano brings a rich history of success in F1 at Ferrari and the broader auto industry at Audi and Lamborghini.”
