Marti 'didn't merit' the F1 opportunity with Red Bull.

Marti 'didn't merit' the F1 opportunity with Red Bull.

      Formula 1 | Red Bull has announced that Spanish junior Pepe Marti is leaving, with the 20-year-old now poised to progress in his career within Formula E. Managed by (…)

Marti 'didn't merit' the F1 opportunity with Red Bull.

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Liberty Media, the parent company of Formula 1, has announced a significant change in leadership, as long-serving chairman John C. Malone will resign from the board at the end of this year. Malone, the founder of Liberty Media who oversaw the company’s acquisition of Formula 1 in 2017, will take on the role of Chairman Emeritus starting January 1, 2026, as confirmed by the company in a statement. He will be succeeded by Robert R. "Dob" Bennett, the current vice chairman of Liberty and one of its founding members, who has played a crucial role in key strategic decisions for over thirty years. 

"Founding Liberty Media and serving as its Chairman has been one of the most fulfilling experiences of my career," Malone, who is 84, stated. "With our portfolio successfully simplified and our operating businesses in strong positions, I think it’s the right moment to step back." 

Malone continues to be one of Liberty’s largest shareholders, possessing nearly half of the voting power in Formula 1's trading stocks. Bloomberg estimates his personal net worth to be over $10 billion. "It's the right moment to take a step back." Liberty Media, the parent company of Formula 1, has announced a significant change in leadership, as long-serving chairman John C. Malone will resign from the board at the end of this year. Malone, the founder of Liberty Media who oversaw the company’s acquisition of Formula 1 in 2017, will take on the role of Chairman Emeritus starting January 1, 2026, as confirmed by the company in a statement. He will be succeeded by Robert R. "Dob" Bennett, the current vice chairman of Liberty and one of its founding members, who has played a crucial role in key strategic decisions for over thirty years. "Founding Liberty Media and serving as its Chairman has been one of the most fulfilling experiences of my career," Malone, who is 84, stated. "With our portfolio successfully simplified and our operating businesses in strong positions, I think it’s the right moment to step back." Malone continues to be one of Liberty’s largest shareholders, possessing nearly half of the voting power in Formula 1's trading stocks. Bloomberg estimates his personal net worth to be over $10 billion. Formula 1 | On the occasion of Bernie Ecclestone's 95th birthday, the former head of Formula 1 remarks that at this point in his life, only one person still meets the criteria (...)

Marti 'didn't merit' the F1 opportunity with Red Bull.

Formula 1 | Red Bull has announced that Spanish junior Pepe Marti is leaving, with the 20-year-old now poised to progress in his career within Formula E. Managed by (…)