Stefano Domenicali, the former Ferrari team principal, is set to replace Chase Carey as the boss of Formula 1 next year, according to a number of sources.
Domenicali, who left Ferrari and subsequently Formula 1 back in 2014, is currently active in his role as Chief Executive Officer at sports car manufacturer Lamborghini, alongside his role as president of the FIA’s single-seater commission.
It has been reported that Carey will still be involved in Formula 1, but his position will not see him have the regular control that he currently has.
The American has been in the position since January 2017, when he replaced the infamous Bernie Ecclestone upon the completion of the buyout of the sport from Liberty Media.
Carey has recently had to oversee the Covid-19 pandemic’s impact on motorsport and adapted a 17-race calendar for this season after original plans had been scuppered by the virus. He had also managed the conclusion of the complicated Concorde Agreement discussions, which was successful in seeing all 10 teams sign up to the terms for 2025, aimed at levelling F1’s financial playing field, something that could have a big influence on the future of the sport.
Formula 1 have not yet confirmed the news and its believed that Domenicali has not yet formally signed a contract, but the news has been passed onto team bosses.
The imminent appointment of the Italian as chief executive of the sport means that the two senior roles, F1 CEO and FIA president, will be held by former Ferrari team bosses. Domenicali replaced Jean Todt, the current FIA president, as head of Ferrari in 2007. Todt has confirmed that he will not serve as FIA president beyond his current term, which is set to finish in 2022.
Domenicali is viewed as having a charismatic character and is well respected across Formula 1. His impressive CV and successful management ventures in the past will explain the decision behind his appointment to the role.
Ferrari’s last world title was won under his jurisdiction back in 2008.
His decision to resign from his role at Ferrari came after his refusal to comply with former president Luca di Montezemolo, who demanded that Domenicali sacked Ferrari’s engine head after the team underestimated what the requirements were for the new turbo-hybrid engine regulations.
In October 2014, he was hired by Audi in a senior management role before his appointment as chief executive at Lamborghini.
Author: Jake Wilkin