Stefano Domenicali has extended his contract with Liberty Media to remain the President and CEO of F1 for five more seasons until 2029.
Having moved over from Lamborghini to join F1 in January of 2021, Domenicali has played an important role in F1 to be in a position where it is now commercially. He joined when the world was down due to COVID-19 and saw through some troubled period due to the pandemic.
It included the big 2021 controversy and also the 2022 change in regulations. He will be part of the family for the big change in 2026 as well and lead 11 teams with the addition of Cadillac, after renewing his deal with Liberty Media for five more seasons to make it a long tenure.
He will stay until 2029 F1 season after the announcement was made on the eve of the Australian GP weekend, which kicks off the 2025 season. “We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead,” said Liberty Media President, Derek Chang.
“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.”
Meanwhile, Domenicali added: “I am honoured 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. 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.”
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