Ex-Ferrari Boss Stefano Domenicali To Exchange Chase Carey As New F1 CEO: Report

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Stefano Domenicali

Stefano Domenicali beforehand served because the workforce principal at Scuderia Ferrari between 2007 and 2014, and is at present the Chairman and CEO of Lamborghini. He’ll succeed Chase Carey as the brand new F1 CEO, ought to he settle for the highest job at Formulation 1.





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Stefano Domenicali’s appointment will see somebody with motorsport expertise turning into the showrunner

Formulation 1 might be in for a giant change beginning subsequent season as former Scuderia Ferrari boss Stefano Domenicali might be appointed as the brand new CEO, latest experiences counsel. Domenicali at present serves because the Chairman and CEO of Automobili Lamborghini, and might be stepping instead of Chase Carey. An official affirmation although is but to occur. He might be solely the third CEO of Formulation 1 in its 70-year-history with the place held by Bernie Ecclestone for the longest time, adopted by Carey who was appointed because the CEO when the game was taken over by American promoters Liberty Media in 2017. Apparently, Domenicali would be the third ex-Ferrari man to serve at a prime place in Formulation 1 with Jean Todt serving because the President of the Federation Internationale de l’Car (FIA), whereas Ross Brawn is the Managing Director.

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Stefano Domenicali is presently the Chairman and CEO of Lamborghini

Stefano Domenicali has a formidable profession backing him for the highest job. This consists of near 30 years in energetic motorsport aside from working with some massive car manufacturers. The Italian started his skilled profession with Ferrari in 1991. He then went on to work in sponsorship liaison and served as head of personnel earlier than turning into the Ferrari F1 workforce’s sporting director in 1998. He had an important function to play in Ferrari’s success between 1999 and 2004 with Michael Schumacher clenching 5 driver world titles throughout this era. He was later appointed because the Workforce Principal at Scuderia Ferrari on the finish of the 2007 season, succeeding Jean Todt.

A tough 2014 season noticed Domenicali resign because the workforce principal at first of the yr, and he joined Audi because the President of latest enterprise initiatives in November the identical yr. He was then appointed the CEO of Lamborghini in 2016, the place he continues work until date and has been instrumental in its tremendous success in recent times. Other than Lamborghini, Domenicali additionally serves because the President of the FIA’s single-seater fee, and oversees the junior motorsport applications. He helped revive the Formulation 2 class as effectively.

chase carey

Chase Carey was appointed because the F1 CEO in 2017 after its new promoters Liberty Media took cost

In the meantime, Chase Carey is predicted to be concerned in F1 in a revised function whereas leaving the game to its new showrunner. Carey was by no means anticipated to be part of the job for a protracted haul however was instrumental for numerous adjustments together with the brand new guidelines and rules that may come into impact from 2022, in addition to the brand new Concorde Settlement signed by the 10 groups earlier this yr. Most likely, his most difficult time as CEO was this yr with the COVID-19 pandemic throwing unprecedented challenges. He did handle to salvage the season with 17 races.

Additionally Learn: Sebastian Vettel Says F1 Will Have A Challenge Surviving In A World With COVID-19 

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Domenicali can have his personal set of challenges, ought to he select to simply accept the job. Most significantly, will probably be the price range cap that is come into pressure for 2021 in addition to the brand new technical rules. He may also should cope with making the game extra pleasant and thrilling for newer audiences, bringing extra spectators to the grand stand in addition to digital screens.

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