The deal on the absorption by the US company Liberty Media group of companies Formula 1 is currently closed. Liberty Media has confirmed the completion of the absorption of the prestigious auto-racing Formula 1, and said that a new CEO position will head Chase Kerry. He succeeds his predecessor, Bernie Ecclestone.
It became known from the statement of Ecclestone on January 23 this year. Running the race Formula-1 during the past few decades, he said that he had left his former post of CEO Formula One Group (new name of the company as a result of completion of the transaction).
“My new position is called the very American. Something like honorary president. Title I was given and what it means – I do not know “- said Bernie Ecclestone, who is currently 86 years.
Greg Maffei, who is a president and CEO of Liberty Media, said that he sees great opportunities for development and growth of this sport at the moment.
Also read: Polish IT-company will become a part of Ukrainian SoftServe
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