Liberty Media Corporation announced that Stefano Domenicali will assume the role of CEO of Formula 1 in January 2021. Chase Carey, the current Chairman and CEO, will move to the role of non-executive Chairman. Stefano began his professional career at Ferrari in 1991, where he held various positions, increasing his responsibility until he became the Team Principal for Ferrari Formula 1 in 2008. In 2014 he joined Audi AG as Vice President of New Business Initiatives and then was appointed Chairman and Chief Executive Officer of Automobili Lamborghini in 2016.