Lamborghini Chairman and CEO Stefano Domenicali will go away the agency to change into the new CEO of Formula 1, it has been confirmed. Domenicali will take over from present F1 boss Chase Carey in January 2021.
- Domenicali will take over because the new F1 CEO from January 2021
- He served as Ferrari F1 Team Principal from 2008-2014
- Domenicali has led Lamborghini since 2016
Who is Stefano Domenicali?
Domenicali, 55, was beforehand the pinnacle of the Ferrari F1 workforce. He’d held the position from 2008 till he stop in 2014. He then joined Audi in October 2014, earlier than switching over to take over fellow Volkswagen Group-owned Lamborghini in 2016.
In a press release confirming his departure, Lamborghini stated that Domenicali “has guided the company through a crucial period of exceptional transformation.”
During his time on the agency, Lamborghini underwent a serious growth to double its gross sales with the launch of the Urus SUV, which concerned hiring greater than 700 new employees for a new manufacturing line at its Sant Agata manufacturing unit.
Stefano Domenicali replaces Chase Carey as F1 CEO
At F1, Domenicalli will be part of former Ferrari technical chief Ross Brawn, who’s now the game’s managing director. He can even work intently with Jean Todt, one other former Ferrari workforce boss who’s now president of the FIA, motorsport’s governing physique. However, Todt is anticipated to go away the position as soon as his present time period expires on the finish of subsequent yr.
“I am thrilled to join the Formula 1 organisation, a sport that has always been part of my life,” stated Domenicali.
“I was born in Imola and live in Monza. I’ve remained connected to the sport through my work with the Single Seater Commission at the FIA and I look forward to connecting with the teams, promoters, sponsors and many partners in Formula 1 as we continue to drive the business ahead. The past six years at Audi and then leading Lamborghini have given me broader perspective and experience that I will bring to Formula 1.”
Chase Carey to proceed enjoying an vital position in F1
Chase Carey has run F1 on behalf of new homeowners Liberty Media since 2017. Liberty Media President and CEO Greg Maffei has stated that Carey will proceed to play an vital position within the sport and can transfer to the position of non-executive Chairman from subsequent yr.
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