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
Aprilia needs "better bike" to be stronger...
No description available...
3h ago from Motorsport.com
Pramac's Morbidelli still "missing freedom"...
No description available...
23h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
1d ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
21h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rising concerns in IndyCar over PFC’s braking system
No description available...
3d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Disaster for Hyundai as Lappi and Tänak retire from...
Esapekka Lappi retired his Hyundai i20 N with a broken gearbox in stage...
2h ago from MotorsportWeek.c...
Neuville reveals “MacGyver” style WRC Safari Rally...
No description available...
5h ago from Motorsport.com
WRC Safari Rally: Rovanpera stuns rivals to lead as...
No description available...
6h ago from Motorsport.com
How WRC Rally1 teams embraced the return of the...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta confirms injured trio have 'chance' of...
Mikel Arteta says that Bukayo Saka, Gabriel Martinelli and Gabriel...
1h ago from SportsMole.co.uk
Preview: Manchester City vs. Arsenal - prediction,...
Sports Mole previews Sunday's Premier League clash between Manchester City...
32m ago from SportsMole.co.uk
Xavi addresses Barcelona future amid recent speculation
Barcelona head coach Xavi says that he is still planning to stand down...
1h ago from SportsMole.co.uk
Tactics Video: How Kiwior and Jorginho improved...
All of this article is better shown and communicated by video, so I put...
2h ago from FreshArsenal.com
Comments
Hottest News
'Aston Martin makes Adrian Newey a multi-million dollar...
Red Bull designer Adrian Newey has received a... Read More »
52m ago from GPBlog.com
Verstappen and Red Bull see key member suddenly leave with...
Red Bull Racing and Max Verstappen are saying... Read More »
7h ago from GPBlog.com
Who is Lee Stevenson, Verstappen's chief mechanic leaving...
Lee Stevenson announced his departure from Red... Read More »
4h ago from GPBlog.com