AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

Liberty Media’s Shake-Up: Stefano Domenicali to Report to New CEO Derek Chang’s Executive Committee

Publisher by Publisher
January 9, 2025
in Motorsports
Reading Time: 3 mins read
0
Scandal Erupts: Leaked WhatsApp Chats Reveal F1’s Plot Against Andretti Cadillac Entry

May 5, 2024; Miami Gardens, Florida, USA; CEO of the Formula One group Stefano Domenicali arrives in the paddock before the Miami Grand Prix at Miami International Autodrome. Mandatory Credit: John David Mercer-USA TODAY Sports

Formula 1’s organizational structure is undergoing a significant transformation as Stefano Domenicali, the sport’s president and CEO, will now report directly to a newly formed executive committee following the appointment of Derek Chang as Liberty Media’s new Chief Executive Officer.

Chang steps into the role on February 1, succeeding Greg Maffei, who departed at the end of 2024. During the interim period, Liberty chairman John Malone had taken over the responsibilities, but Chang’s confirmation signals a long-term vision for Liberty’s future, including its flagship asset, Formula 1.


Derek Chang: The Insider-Turned-Leader

The selection of Chang is seen as an internal promotion, given his role as a director of Liberty Media since 2021. However, his impressive resume extends beyond Liberty, with executive positions at EverPass Media, the NBA, DIRECTV, Scripps, and Charter Communications. This breadth of experience uniquely positions him to steer Liberty Media’s wide-ranging portfolio.

Chang’s leadership will feature collaboration with Malone, Dob Bennett (vice chairman), and Chase Carey (former F1 CEO). Together, they form Liberty Media’s executive committee, with a specific subcommittee—comprising Chang, Bennett, and Carey—set to oversee Domenicali’s operations in Formula 1.


What This Means for Formula 1

F1 insiders suggest the new reporting structure offers Domenicali increased freedom to operate the sport’s business independently. As the face of F1’s remarkable growth in recent years, Domenicali has already been instrumental in expanding the sport’s global reach, improving fan engagement, and fostering new commercial opportunities.

By creating a more streamlined relationship with Liberty Media’s leadership, Domenicali could enjoy the flexibility needed to push F1 even further into untapped markets and develop innovations like sustainable fuel technologies and enhanced digital content.


Statements from Liberty’s Leaders

Liberty Media chairman John Malone expressed confidence in Chang’s appointment, citing his extensive industry knowledge and proven leadership skills:

“His expertise in both operating and investment roles, extensive understanding of our industries, and familiarity with Liberty make him the ideal leader for Liberty’s next chapter.”

Chang, in turn, acknowledged the importance of Formula 1 as a cornerstone of Liberty’s portfolio:

“Our current focus is clear: optimizing the portfolio structure and supporting the growth of our attractive operating assets, including F1 and MotoGP post-acquisition, to continue their momentum and invest for the future.”


What’s Next for Liberty Media and F1?

Chang’s leadership begins as Liberty Media completes the split-off of Liberty Live, an effort to streamline operations and focus on high-performing assets like F1. For Formula 1, this could mean more significant investments in global expansion, fan experiences, and environmental initiatives as the sport continues its growth trajectory.

With the upcoming 2026 regulation changes, Liberty’s strategic focus on Formula 1 will play a critical role in ensuring the sport maintains its competitive edge both on and off the track.

Share212Tweet133Send

Related Posts

Red Bull faces shocking reality: are they the fourth fastest team in F1 2026?
Motorsports

Red Bull faces shocking reality: are they the fourth fastest team in F1 2026?

F1 2026 SHOCKER: Red Bull's Dismal Ranking Revealed - Is Verstappen's Fifth Title in Jeopardy? In a bombshell revelation that...

by Arthur Ling
February 14, 2026
Oscar Piastri shatters McLaren dreams for 2026 Australian GP: fans brace for disappointment
Motorsports

Oscar Piastri shatters McLaren dreams for 2026 Australian GP: fans brace for disappointment

Oscar Piastri Drops Bombshell: McLaren's 2026 Australian GP Performance May Disappoint Fans! Formula 1 fans, brace yourselves! In a stunning...

by Carl Harrison
February 14, 2026
Pepe Martí faces backlash after explosive discriminatory comment at Jeddah E-Prix
Motorsports

Pepe Martí faces backlash after explosive discriminatory comment at Jeddah E-Prix

Formula E's rising star, Pepe Martí, finds himself in hot water after a shocking outburst during the Jeddah E-Prix that...

by Harry Stone
February 14, 2026
Hyundai’s desperate battle for speed at WRC Sweden: can they conquer Toyota’s dominance?
Motorsports

Hyundai’s desperate battle for speed at WRC Sweden: can they conquer Toyota’s dominance?

Jaanus Ree / Red Bull Content Pool

by Simon Monroy
February 14, 2026

Recent News

Red Bull faces shocking reality: are they the fourth fastest team in F1 2026?

Red Bull faces shocking reality: are they the fourth fastest team in F1 2026?

February 14, 2026
Oscar Piastri shatters McLaren dreams for 2026 Australian GP: fans brace for disappointment

Oscar Piastri shatters McLaren dreams for 2026 Australian GP: fans brace for disappointment

February 14, 2026
Pepe Martí faces backlash after explosive discriminatory comment at Jeddah E-Prix

Pepe Martí faces backlash after explosive discriminatory comment at Jeddah E-Prix

February 14, 2026
Hyundai’s desperate battle for speed at WRC Sweden: can they conquer Toyota’s dominance?

Hyundai’s desperate battle for speed at WRC Sweden: can they conquer Toyota’s dominance?

February 14, 2026

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

MSports Play Icon
MSports Play
The New streaming service
Download
×
No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.