Ex-Ferrari boss Domenicali to succeed Carey as F1 chief executive
Stefano Domenicali, the former team principal of Ferrari, is set to become the new chief executive of Formula 1.
The 55-year-old Domenicali (pictured), presently chairman and chief executive of Italian sportscar maker Lamborghini, is to take the helm in time for the start of the 2021 season, according to multiple media reports.
Formula 1 has not confirmed the move, and Domenicali is yet to sign a contract, but the appointment has been communicated to team bosses, the BBC reported.
Domenicali will succeed Chase Carey, who is expected to stay on as Formula 1 chairman in some capacity.
The Italian was in charge of Ferrari’s Formula 1 team from 2008 to 2014, a period which included the famous marque’s most recent title, the 2008 constructors’ world championship.
He subsequently took up a senior management position at German carmaker Audi before taking up his current role at Lamborghini, which is also owned by VW Audi Group, but has remained involved in motorsport as head of the single-seater commission at the FIA, the international governing body.
Carey has been head of Formula 1 since US media giant Liberty Media took control of the sport at the start of 2017.
However, there have been several changes in the management structure this year, with Sean Bratches departing as managing director of commercial operations, and Murray Barnett stepping down as director of sponsorship and commercial partnerships, to be succeeded by Ben Pincus, formerly of Heineken, as director of commercial partnerships.
The 2020 Formula 1 season has been heavily impacted by the coronavirus pandemic, with no grands prix staged in the first half of the year, which has had an inevitable impact on revenue.
However, after a late start in July, the sport is on track for a 17-round campaign, largely in Europe, but finishing in the Middle East in December, and with a limited number of spectators at some races.