Stefano Domenicali, the president and chief executive of motor racing’s elite Formula 1 (F1) series, will remain in the roles through the 2029 campaign after signing a new five-year contract to run the series with F1 owner Liberty Media.
Domenicali became the series’ chief executive in 2021 and replaced previous chief Chase Carey, having previously been team principal at iconic F1 side Ferrari.
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Since stepping into the role, Domenicali has overseen the competition’s expansion not just commercially, but logistically, with more races than ever and an eleventh team to enter the grid from 2026.
Similarly, the competition’s financial strength has grown to unmatched heights in the series’ history during Domenicali’s term, with $3.65 billion in revenue drawn in the 2024 season, compared to $2.14 billion in his first full season as chief executive.
Speaking on Domenicali’s renewal, Liberty media president and chief executive Derek 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 added: “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.”
Elsewhere in F1, UK public service media company BBC has secured exclusive radio rights to the series for the next three seasons.
The BBC Radio 5 Live and 5 Sports Extra stations, and the BBC Sounds mobile app and internet radio broadcast service, will air live commentary of all races, qualifying sessions, and practice sessions throughout the three-season deal.
This will begin with the upcoming 2025 season-opening Australian Grand Prix weekend, which will take place from March 14 to 16.
Five UK-born drivers will race in the 2025 F1 campaign, including seven-time World Champion Lewis Hamilton and 2024 contender Lando Norris.
BBC is already committed to a swathe of podcast content surrounding the series featuring active and former drivers and presenters.
In the UK F1 TV rights are primarily held by pay-TV heavyweight Sky Sports, with free-to-air broadcaster Channel 4 also holding highlights rights.
