Domenicali to remain F1 CEO through 2029

Stefano Domenicali will remain as CEO of Formula 1 until at least the end of 2029 after signing a five-year renewal to his agreement with the sport’s owner Liberty Media.

Liberty selected Domenicali to take over from former CEO Chase Carey in 2021, and the former Ferrari team principal and Audi VP has overseen continued growth for F1 since that point. Announcing Domenicali’s contract extension, Liberty says the sport’s “ecosystem has never been stronger for all stakeholders,” with new Liberty president and CEO Derek Chang saying the Italian has helped ensure F1 innovates as it looks to continue its momentum as a business.

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“We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead,” Chang said. “Stefano has been an excellent steward of the business, building on its successful foundation and accelerating Formula 1’s rate of growth both commercially and in fan engagement.

“His energy and enthusiasm for the sport translate into highly effective strategy and results. On behalf of Liberty, we are thankful for his partnership and incredibly optimistic about the continued success the F1 team can drive for the sport, our fans, partners and shareholders.”

Domenicali has been credited with keeping the sport attractive to new sponsors -- including a recent major global deal with LVMH -- while more recently he was involved with the at-times controversial initial rejection and then later approval of an 11th team, with Cadillac set to join the grid in 2026.

The 59-year-old says the focus of the next five years will continue to be focused on finding ways to improve the fan experience and open up the sport to a new audience.

“I am honored to continue to lead this incredible sport, which I love and has been part of my life since my childhood and grateful to the Liberty Media team for their trust,” Domenicali said. “Together, with all the relevant F1 stakeholders, we will continue to serve the best interest of our fans, as they are the heartbeat of everything we do. The passion, the energy and the adrenaline are the fuel that powers me every day to give my absolute best to Formula 1.”