Stefano Domenicali of Italy has been announced as the new president and CEO of Formula 1, effective January 2021. Chase Carey, the current chairman and CEO, will move to the role of non-executive chairman.

Domenicali is known for his time at Ferrari, having joined the team in 1991 until early 2014. Most recently, he has served as the CEO of Lamborghini and joined parent company, Audi, in 2014. During this time, he also acted as the president of the FIA’s single-seater commission. 

“I am thrilled to join the Formula 1 organization, a sport that has always been part of my life,” said 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.”

“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,” Carey said.

“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.”

For more information: formula1.com.