Ex-Ferrari chief to become F1 CEO

SOCHI, RUSSIA (AFP) – Formula One’s (F1) commercial rights owners Liberty Media on Friday confirmed that former Ferrari team chief Stefano Domenicali will succeed Chase Carey as President and Chief Executive Officer from January next year.

In a statement confirming the widely-expected move, Liberty Media said American Carey would take a position as the sport’s non-executive chairman.

The moves were welcomed by leading figures in the paddock, Red Bull boss Christian Horner saying former rival Domenicali was “one of the good guys”.

Italian Domenicali, 55, joins two other former Ferrari staff in key positions within F1 – Frenchman Jean Todt, who is President of the ruling body, the International Motoring Federation (FIA) and Briton Ross Brawn, who is Managing Director for motorsport.