Ex-Ferrari chief set to become new F1 CEO

Former Ferrari team principal Stefano Domenicali is set to become the new CEO of Formula 1, taking over from Chase Carey ahead of the 2021 season.

Sources have confirmed to Motorsport.com that Domenicali, 55, will step into Carey’s role by the end of the year.

While a final agreement is still to be finalized with Domenicali over the role, it is poised to be completed soon. F1 has not yet issued official confirmation of Domenicali’s appointment, but teams were informed of the news on Tuesday.

Carey is set to remain involved in F1 beyond the end of the year in a revised position.

Domenicali was the team principal of Ferrari in F1 between 2008 and 2014, having served as its sporting director since 1998. He played a crucial role in its run of six consecutive constructors’ championships victories at the turn of the century.

After resigning from Ferrari in April 2014, Domenicali joined Audi later that year as its vice-president of new business initiatives, before moving to sister VW Group brand Lamborghini in 2016 as CEO. Throughout his time with Lamborghini, Domenicali has retained a role within the FIA as its president of the single-seater commission he took up in late 2014.

Through this period, Domenicali’s primary brief was to push forward a restructuring of the junior single-seater ladder, helping revive Formula 2 as a category and form a new international Formula 3 platform.