Another reshuffle in Liberty Media's management.
More reshuffles are expected soon in the leadership of Liberty Media, which owns Formula 1.
Founder and chairman of the board of Liberty Media John Malone will leave his post on January 1, 2026, becoming chairman emeritus. He will be replaced as chairman of the board by vice president Robert Bennett, who has worked at Liberty Media since 1991. The 84-year-old Malone owns 49.5% of the company’s voting shares.
Earlier this year, there were already changes in Liberty Media’s leadership. Derek Chang took the post of chief executive officer, replacing Greg Maffei.
John Malone: "Founding Liberty Media and serving as chairman of the board have been among the most significant events of my professional life.
Given the successful simplification of our portfolio in recent years and the strengthening of the operating units, I believe the time has come for me to relinquish some responsibilities. I am very pleased that Robert Bennett, my partner and colleague for 35 years, is assuming the role of chairman of the board.
He has been involved in all key decisions throughout Liberty Media's history, and I am confident that Liberty has good prospects going forward. I look forward to continuing to be actively involved in the company's affairs as a major shareholder of Liberty and as a strategic adviser to management and the board of directors."
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Another reshuffle in Liberty Media's management.
Further changes are expected soon in the leadership of Liberty Media, which owns Formula 1.