Chase Carey is set to relinquish the role of Formula 1(F1) CEO before the start of next season, and it is believed that former Ferrari boss Stefano Domenicali will be his replacement.
It is understood that Carey, who also serves as the sport’s chairman, will no longer be in day-to-day control after the end of the year but will still have some involvement in F1.
The American replaced Bernie Ecclestone as Formula 1’s chief executive officer in January 2017 after Liberty Media completed its buyout of the sport.
Formula 1, however, is yet to formally announce the change.
Domenicali currently runs Lamborghini and is also the president of the FIA’s single-seater commission.
Once Domenicali gets appointed, it would mean that the two senior roles in motorsport, F1 CEO and FIA president, will be held by former Ferrari team principals.
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Jean Todt has served as the head of the FIA, F1’s governing body, since 2009 although has said he will not serve beyond his current term into 2022.
Domenicali who joined Ferrari from university in 1991 succeeded Todt as team principal in 2008, overseeing their victory in the Constructors’ Championship in his first season, the Italian team’s last world title triumph.
He resigned in April 2014 after the team made a poor start to the new era of hybrid-turbo engine regulations.
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The 55-year-old became Audi’s vice-president later that year having joined before being made CEO of Lamborghini, a sister brand in the VW Group, in 2016.
Carey, 66, has recently overseen the successful conclusion of the sport’s complex Concorde Agreement discussions, with all 10 teams signing up to new terms for 2021, which are designed to help level F1’s financial playing field.
After the sport’s original plans for 2020 were turned upside down by the coronavirus pandemic, the former television executive, Casey, has managed to construct a much-changed 17-race calendar for this season.
