Stefano Domenicali Secures Long-Term Leadership as Formula 1 Expands

Stefano Domenicali will continue his tenure as Formula 1's president and CEO until 2029, as confirmed by Liberty Media. Under his leadership, F1 has seen substantial growth, especially in the U.S., and has introduced key events and partnerships. However, his presidency also faced challenges, including regulatory scrutiny.

Stefano Domenicali has secured his role as the president and CEO of Formula 1 until 2029, according to Liberty Media's recent announcement. Domenicali's contract extension signifies confidence in his capability to drive the global racing series' popularity and expansion.

Since assuming leadership in 2021, Domenicali has been instrumental in F1's growth, increasing the calendar to 24 races, introducing new U.S. locations in Miami and Las Vegas, and planning for an American-owned team addition in 2026. Despite these successes, his tenure has faced challenges, including a blocked team entry and potential career shifts.

F1's significant growth during Domenicali's era is further buoyed by strategic media deals, such as the one with ESPN, and commercial partnerships like the decade-long contract with LVMH. The 2023 season, starting at the Australian Grand Prix, sets the stage for ongoing competitive narratives prominently featuring champions Max Verstappen and Lewis Hamilton.

(With inputs from agencies.)