The CEO and president of Formula 1 has announced his departure

Date:

Greg Maffei will step down as president and CEO of Liberty Mediathe company that owns Formula 1. The American has been Liberty Media since 2005. The 64-year-old will step down when his contract expires at the end of the calendar year, but has agreed to stay on as an adviser to Liberty, which also has radio interests SiriusXM, LiveNation entertainment and the team MLB Atlanta Braves.

Maffei reflected on his decision: “The almost 20 years I spent at the head of the Liberty Media is incredibly rewarding, stimulating and fun,” he said. “Although it is never easy to leave an organization as dynamic as freedom“I trust that this is the right time,” he added.

alone who will take over the position of executive sports director mentioned Maffei: “On behalf of the board of directors of Liberty MediaI want to say thank you Greg for their leadership, creativity and dedication,” he said.

“Since joining in 2005, Greg is leading the exciting evolution of Liberty’s life cycle, explained malone

Source: La Verdad

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