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Stefano Domenicali, who has guided Formula 1 through explosive growth on the calendar and in popularity in recent years, will stay on as president and chief executive through 2029 under a five-year contract extension announced by the the global racing series and ownership group Liberty Media. A 59-year-old Italian, Domenicali has been in charge of F1 since 2021 and has steered the series as it expanded to 24 races, added two new U.S. grand prix races in Miami and Las Vegas, and will expand its grid with an 11th team when American-owned Cadillac Formula 1 joins in 2026.
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