Stefano Domenicali Extends Tenure as CEO of Formula 1 Until 2029: A New Era of Growth and Innovation

Formula 1 (F1) has announced that Stefano Domenicali will continue his leadership role as the President and CEO of the sport until 2029. This marks a significant milestone in the sport’s recent evolution, as Domenicali has been instrumental in driving Formula 1 to new heights of popularity and success since he took the helm in January 2021.

A Legacy of Growth

Since taking over as CEO, Domenicali has been a driving force behind the unprecedented growth of Formula 1. Under his stewardship, F1 has experienced record-breaking TV ratings, a surge in fan engagement, and a host of new sponsorship deals that have bolstered the sport’s financial position. One of his most notable achievements is the expansion of the race calendar to a record 24 races in a season, including the addition of exciting new Grand Prix venues in Miami and Las Vegas, further expanding the global reach of the sport.

In addition to the growing number of races, Domenicali has been pivotal in F1’s introduction of innovative formats, such as Sprint events, which have added fresh excitement to the weekend schedule. This shift in race weekend structure has been well received by both fans and teams, as it keeps the action going throughout the weekend, drawing in more viewership.

Domenicali’s Background

Before stepping into the leadership role at F1, Domenicali had a successful career in motorsports. He served as the Team Principal of Ferrari’s Formula 1 team from 2008 to 2014, leading the team through various competitive seasons. His time at Ferrari was a key part of his rise in the motorsport world, gaining invaluable experience in managing a high-profile team in one of the most challenging motorsports arenas.

After leaving Ferrari, Domenicali took on the role of CEO at Lamborghini, where he helped steer the brand to greater commercial success. His experience at Ferrari and Lamborghini brought a wealth of expertise to Formula 1, where he has applied his strategic mindset to grow the sport’s commercial and fan-driven appeal.

New Milestones Under Domenicali’s Leadership

Domenicali’s leadership is not just about expanding F1’s global presence; it’s about building a sustainable future for the sport. The new Concorde Agreement signed by all F1 teams in March 2025 is a testament to this vision. This new agreement ensures the sport’s economic stability through 2030, locking in terms that will benefit both the teams and the sport itself.

One of the most exciting aspects of the 2026 Concorde Agreement is the inclusion of new manufacturers such as General Motors-backed Cadillac, marking a shift toward American involvement in the sport, further globalizing F1’s appeal. Domenicali’s role in facilitating this deal ensures that F1 stays ahead of the curve, incorporating diverse teams and manufacturers into the championship.

Driver and Team Support for Domenicali’s Extension

Domenicali’s extension as F1 CEO has been widely supported by drivers and teams alike. Formula 1’s star driver, Lewis Hamilton, expressed his satisfaction with Domenicali’s continued leadership, noting that “it’s great to see the sport moving in the right direction,” adding that his re-signing was a positive step for F1’s future.

Max Verstappen, the current reigning world champion, echoed similar sentiments, calling Domenicali “a great person” and emphasizing the positive impact he has had on the sport’s development. This positive feedback highlights the strong relationship between the leadership and the drivers, a crucial factor for the sport’s success.

A Bright Future for Formula 1

With Domenicali’s leadership extended through 2029, the future of Formula 1 looks brighter than ever. The sport has seen significant growth in recent years, and Domenicali’s continued involvement promises to keep F1 at the forefront of motorsport innovation and global entertainment.

F1 has already made great strides in enhancing its sustainability efforts, increasing fan engagement, and building relationships with new sponsors and partners. The sport’s digital presence has also been expanded, with a larger emphasis on social media and virtual engagement, allowing fans to interact with their favorite drivers and teams more than ever before.

As Stefano Domenicali looks ahead to his extended tenure, fans, teams, and drivers alike can expect an exciting future for Formula 1, with continued growth and an ongoing commitment to innovation.

Conclusion

Stefano Domenicali’s five-year contract extension is a clear reflection of his leadership and vision for the future of Formula 1. With a focus on growth, sustainability, and fan engagement, Domenicali has laid a strong foundation for F1 to thrive on the global stage. As the sport moves towards the future, his leadership will undoubtedly continue to shape Formula 1 for years to come.