News Details
Formula One Group initiates board shake-up
©WRI2
Formula 1's new owners will begin management changes at the helm of the sport next week, starting with a complete shake-up of its board of directors. According to Sky Sports, all of the existing board members of F1's parent company will be replaced, with the exception of former chairman Peter Brabeck-Letmathe. Prominent figures such as WPP's Sir Martin Sorrell, former Unilever CFO Jean-Marc Huet and former Exxon Mobil Asia boss Chong Seng Kwa will no longer have any involvement with the sport's new commercials rights holder. CVC Capital Partner's Donald Mackenzie, who spearheaded the private equity company's lucrative investment in F1 in 2005, will remain a company director along...
Full Story »
Full Story »
You May Also Be Interested In...
FIA approves Liberty Media's acquisition of Formula 1
The FIA has approved the acquisition of Formula 1 by Liberty Media...
7y ago from MotorsportWeek.com
FIA approve Liberty Media takeover of Formula 1
Formula One's governing body gave its approval on Wednesday to CVC...
7y ago from GrandPrix247.com
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
7y ago from GrandPrix247.com
FIA gives green light to Liberty Media for sale of...
FIA gives green light to Liberty Media for sale of Formula 1 The World...
7y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Miller: “Anything is realistic” as Phillip Island...
No description available...
5h ago from Motorsport.com
How Acosta is snatching the show from a lengthy MotoGP...
No description available...
4h ago from Motorsport.com
Jorge Martin reveals he ‘had a lot of fears'...
Jorge Martin revealed that he 'had a lot of fears' in 2024 after a...
3h ago from MotorsportWeek.c...
Alex Marquez: Mir's comments after Japan clash...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Foster not “a second choice” after losing...
No description available...
20h ago from Motorsport.com
Lundgaard feels “more natural pace” with Arrow...
No description available...
1d ago from Motorsport.com
Hailie Deegan shifting to Indy NXT for 2025 with HMD...
No description available...
2d ago from Motorsport.com
Alex Palou tops 11-car test session on Indianapolis...
11 IndyCar drivers turned laps around Indianapolis Motor Speedway on...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport's 2025 WRC driver line-up plans "up in...
No description available...
2d ago from Motorsport.com
Consistency Neuville's first focus as maiden WRC title...
No description available...
2d ago from Motorsport.com
Solberg's failed Rally Chile protest to be reheard by...
No description available...
5d ago from Motorsport.com
Skoda reveals Rally2-inspired EV race car concept
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bournemouth vs Arsenal Prediction and Betting Tips |...
No description available...
3h ago from SportsKeeda.com
Report: Arsenal on alert as 75m striker potentially...
Aleksandr Isak has emerged as a potential target for Arsenal as rumours...
2h ago from FreshArsenal.com
The In-Tray for Arsenal Women's Next Manager
Following the resignation of Jonas Eidevall earlier this week, Arsenal...
1h ago from Arseblog.com
“We’ve seen that he can play alongside Declan...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
'FIA intervenes immediately: Competitors see one team...
The FIA already has its hands full before... Read More »
5h ago from GPBlog.com
Hamilton record title claim given HUGE Abu Dhabi 2021...
A verdict has been reached by fans over the... Read More »
1h ago from GPFans.com
FIA announce McLaren car INSPECTION ahead of US Grand Prix
The FIA have revealed that one of the McLaren... Read More »
5h ago from GPFans.com