Formula One is set to have a new CEO with ex-Ferrari team principal Stefano Domenicali to take the reins from Chase Carey for the 2021 season.
The reports stem from Autosport and suggest the 55-year-old Italian will step into Carey’s role who will take a revised role elsewhere within the sport. Teams were informed of the news yesterday,
Domenicali oversaw Ferrari as its team principal between 2008 and 2014, having replaced Jean Todt who now serves as the President of the FIA. He has also performed roles with Audi and Lamborghini where he acted as CEO.
Carey has been the CEO of F1 since 2017 when Liberty Media took over the series. His appointment saw him oversee the new Concorde agreement back in August. The deal seals the commitment of the ten current teams until at least 2025.
Domenicali will join Ross Brawn and Todt at the helm of F1. All three were involved with Ferrari, with the latter two largely responsible for the Scuderia’s spree of dominance in the early 2000s.
The sport has also ventured into new countries with races at Vietnam and a return of the Dutch Grand Prix. Both were set to feature on the 2020 calendar before the global pandemic caused a reshuffle of the season.
Mercedes and Red Bull’s team principals Toto Wolf and Christian Horner were also linked to replace Carey. However, the moves are understood to be blocked by a rule that prevents existing team management joining F1 without the unanimous approval of all teams.
