Stefano Domenicali, who has guided Formula 1 through explosive growth on the calendar and in popularity in recent years, will stay on as president and chief executive through 2029 under a five-year contract extension announced by the the global racing series and ownership group Liberty Media.

Stefano Domenicali has confirmed his future plans after a signing a new deal to serve as president and CEO of Formula 1 until 2029.

Formula 1 chief executive Stefano Domenicali has signed a new five-year contract to the end of 2029. The Italian, a former Ferrari team principal and Lamborghini chief executive, has held the role since 2021.

Formula 1 CEO Stefano Domenicali has extended his contract until 2029, it has been officially announced. Former Ferrari team principal Domenicali has held his role since 2021, and is looking forward to his fifth season in the role that he took over from Chase Carey.

The 59-year-old Italian’s deal will run until 2029, and was announced just 24 hours before the first track action of the new campaign at Melbourne’s Albert Park.