Formula 1 president and CEO Stefano Domenicali will continue in his role at the helm of the sport through 2029 in a five-year contract renewal.

Domenicali assumed the role of president and CEO on January 1, 2021. Today, Formula 1 has announced that his contract has been extended through 2029, giving him control of the sport for another five years.

Stefano Domenicali ‘honoured’ to continue as Formula 1 president, CEO

In a press release, Domenicali said, “I am honoured to continue to lead this incredible sport, which I love and has been part of my life since my childhood and grateful to the Liberty Media Team for their trust.

“Together, with all the relevant F1 stakeholders, we will continue to serve the best interest of our fans, as they are the heartbeat of everything we do. The passion, the energy and the adrenaline are the fuel that powers me every day to give my absolute best to Formula 1.”