Formula1 has reportedly finalised a replacement for Chief Executive Chase Carey. The successor will come from the motorsport and automobile fraternity.
Carey will be vacating the F1 CEO’s office after more than three and half years, since he had taken the F1 reigns from Bernie Ecclestone in January 2017 after Liberty media had acquired the Formula 1.
Ex-Ferrari team principal Stefano Domenicali has been named Carey’s successor as the next Formula 1 chief executive. Carey will stay with F1 till the year-end for a smooth transition of the charge. Domenicali had quit Ferrari in 2014.
Carey had been instrumental in reinvigorating F1 after the Ecclestone era.
Domenicali in his new role will re-associate with his former colleagues at Ferrari – Jean Todt and Ross Brawn in the top F1 management. Todt has been FIA president since 2010, while Brawn had joined F1 as the managing director of motorsports in 2017.
Domenicali comes to F1 after vacating the office of the Lamborghini CEO, a position he held since 2016.