Stefano Domenicali, Circuit de Catalunya, 2019

Domenicali to replace Carey as Formula 1 CEO in January

2020 Russian Grand Prix

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Formula 1 has confirmed former Ferrari team principal Stefano Domenicali will take over from Chase Carey as the sport’s CEO in January.

Carey, who became CEO in 2017 following Liberty Media’s takeover, will take a new role as a non-executive chairman.

Domenicali said Formula 1 “has always been part of my life” and he is “thrilled” to be taking on the new role.

The 55-year-old became a member of the FIA’s single-seater commission following his departure from Ferrari in 2014. He took over as CEO of Lamborghini in 2016.

“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,” said Domenicali.

“The past six years at Audi and then leading Lamborghini have given me broader perspective and experience that I will bring to Formula 1.”

The news of Domenicali’s appointment was first revealed by RaceFans on Tuesday. Red Bull team principal Christian Horner described Domenicali “one of the good guys” and said his appointment is a positive move for F1.

“Having competed against him when he was the team principal of Ferrari, he had a lot of integrity, he was a racer, a competitor. He understands the business.”

“He’s done a great job at Lamborghini and I think he will be a real asset to Formula 1,” said Horner.

Domenicali joins two other former members of Ferrari’s senior staff in key positions running the sport. These are Ross Brawn, F1 managing director, whom Domenicali will work alongside, and his predecessor as Ferrari team principal, Jean Todt, who became FIA president in 2010.

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However Horner said he is not concerned Domenicali will be influenced by any lingering sympathies for the team he left six years ago.

“Obviously, you look at the make-up of the top end of the sport with Jean Todt, Ross Brawn and Stefano and it looks like a mid-1990s or early-2000 Formula 1 set-up.

“But I don’t think that there will be any particular bias or love towards Ferrari from any of those individuals. So I’m sure the Stefano will be, if he takes the role, [scrupulous] in his impartiality.”

Greg Maffei, president and CEO of F1 owner Liberty Media, said Carey had done a “phenomenal job leading F1” for the last four years.

“He assembled a first-class commercial and sporting organisation that has a long list of achievements, including broadening the appeal of the sport, growing its digital presence, establishing new technical regulations, securing a cost cap for the first time and reaching a new more equitable Concorde Agreement with the teams.

“His actions have reinforced F1 as the pinnacle of motorsport. As always, he has been a great partner and I look forward to his continued counsel in his new role as non-executive chairman.”

The opportunity to run Formula 1 had been an “honour”, said Carey. “I’m proud of the team that’s not only navigated through an immensely challenging 2020 but returned with added purpose and determination in the areas of sustainability, diversity and inclusion.

“I’m confident that we’ve built the strong foundation for the business to grow over the long term. It’s been an adventure and I’ve enjoyed working with the teams, the FIA and all of our partners. I look forward to staying involved and supporting Stefano as he takes the wheel.”

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Author information

Dieter Rencken
Dieter Rencken has held full FIA Formula 1 media accreditation since 2000, during which period he has reported from over 300 grands prix, plus...
Keith Collantine
Lifelong motor sport fan Keith set up RaceFans in 2005 - when it was originally called F1 Fanatic. Having previously worked as a motoring...

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9 comments on “Domenicali to replace Carey as Formula 1 CEO in January”

  1. Good to see Chase still around with Stefano being overall in charge of sport.

  2. Very experienced CEO with a love for the sport. I’ve never had many complaints about the job Carey and his team were doing, but I’m looking forward to seeing where Dominicali will take the sport along with Brawn.

  3. What with all these exclusives, when the actual news is confirmed, I keep getting confused like, yes we know, its old news!

    1. @eurobrun Is this an exclusive? It feels like old news really, since I read this already 2 days ago. I think on motorsport/autosport. It’s even already on formula1.com and they are usually quite slow.

      1. @f1osaurus sorry, you misunderstand me.
        It was an exclusive on Tuesday, but I’ve been so busy since then that it feels like weeks ago. Hence why now that its actually confirmed / reported everywhere (inc this article), it feels like old news.

        1. You’re right, we scooped it Tuesday evening 10pm BST although at that stage it was not confirmed by Liberty for reasons of formality. Thereafter other publications leapt on the bandwagon, with the news growing with each telling until it became what Christian Horner today noon called an ‘open secret’. It way finally confirmed today 2pm BST, by when it felt like old news.

          1. “Well he would say that, wouldn’t he?”

            Let the backslapping commence… 🙄

  4. Does the entirety of FIA and FOM needs to be headed by Ferrari employees really?

  5. Was there any particular reason for Casey to step down (other than becoming non executive chairman) or have I missed something?

    Is it because of the new regulations or something else?

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