Former Ferrari team principal Stefano Domenicali to become new F1 CEO

Formula 1

Former Ferrari team principal Domenicali to become new F1 CEO

Chase Carey is to step down but will remain in F1

Ian Parkes

Wednesday 23 September 2020 01:16

Former Ferrari team principal Stefano Domenicali is to become the new CEO of Formula 1, GPFans has learned.

Domenicali is to replace Chase Carey at the end of the year, although the latter is to remain in F1 in as yet undisclosed capacity.

Carey, who took over as CEO from Bernie Ecclestone in January 2017 following the acquisition of F1 by Liberty Media, has helped reinvigorate the sport on a number of levels.

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In an interview with this writer in December of last year, Carey indicated at the time that he saw his future in F1 as "a relatively rolling short-term one", believing he was "too old to have a long-term future".

Carey, who will be 67 in November, added at the time that "this [F1] has been a wonderful adventure, a fascinating one. I'm not building careers any more. If I was 50 years old, I guess I'd have to worry about my future.

"At some point in time, there will probably be somebody younger than me better positioned to carry it forward."

Domenicali, who is 55, is to step into the breach after what will have been four years at the helm for Carey.

The Italian was in charge at Ferrari from 2008 to 2014, leading the Scuderia to what was its last world title to date with the constructors' championship in his first year.

In 2016, Domenicali was appointed as CEO at Lamborghini, while he is also head of the FIA's Single-Seater Commission.

Domenicali's appointment means three former Ferrari employees will be in overall control of F1 given Jean Todt's position as president of the FIA, while the team's former technical director, Ross Brawn, is F1's managing director, motorsports.

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