The owner of F1 has announced a change in leadership in preparation for 2026.

The owner of F1 has announced a change in leadership in preparation for 2026.

      "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.

The owner of F1 has announced a change in leadership in preparation for 2026.

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The owner of F1 has announced a change in leadership in preparation for 2026.

Formula 1 | Liberty Media, the parent company of Formula 1, has revealed a significant leadership shift, as longtime chairman John C. Malone is resigning from the (…)