Formula 1 CEO Domenicali Signs Contract Extension Until 2029
Formula 1 CEO Stefano Domenicali has signed a five-year contract extension with Liberty Media, securing his position through 2029. The renewal comes as F1 continues to experience significant growth under his leadership since 2021.
F1 driver in white racing suit
Under Domenicali's stewardship, F1 has achieved notable successes, including:
- Strengthened commercial partnerships, including a major global deal with LVMH
- Increased fan engagement and audience growth
- Successful navigation of the Cadillac team entry, set to join in 2026
- Enhanced stakeholder relationships across the sport
Liberty Media's new president and CEO Derek Chang praised Domenicali's leadership, highlighting his effectiveness in building upon F1's foundation while accelerating its commercial growth and fan engagement.
Domenicali, 59, expressed his commitment to continuing F1's development: "I am honored to continue to lead this incredible sport. Together with all F1 stakeholders, we will continue to serve the best interest of our fans, as they are the heartbeat of everything we do."
The extension demonstrates Liberty Media's confidence in Domenicali's vision and ability to further expand F1's global appeal while maintaining its competitive integrity through 2029.