Jordan's Track Talk

Tag: CEO

  • Domenicali to continue as President and CEO of Formula 1

    Formula 1 has announced that President and CEO Stefano Domenicali has extended his agreement with Liberty Media in a five-year renewal and will lead the business through 2029.

    Domenicali became President and CEO on January 1st, 2021 and has been instrumental in driving the business to new levels of success and becoming the global sport it is today.

    Formula 1 has seen incredible growth and increased interest and demand for its races around the world. It has continued to experience very strong momentum in fan growth and engagement alongside commercial success across all business areas including sponsorship, media rights and race promotion.

    The Formula 1 ecosystem has never been stronger for all stakeholders and the strategy to continuously innovate, create new ways to engage audiences and improve offerings for the fans will propel the sport’s success into the future.

    Before joining Formula 1, Domenicali began his professional career at Ferrari in 1991, where he held various positions, increasing his responsibility until he became the Team Principal in 2008.

    In 2014 he joined Audi AG as Vice President of New Business Initiatives and then was appointed Chairman and Chief Executive Officer of Automobili Lamborghini in 2016.
    During his time at Lamborghini he successfully grew the brand in major global markets and across platforms, producing strong financial results.

    We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead. Stefano has been an excellent steward of the business, building on its successful foundation and accelerating Formula 1’s rate of growth both commercially and in fan engagement. His energy and enthusiasm for the sport translate into highly effective strategy and results. On behalf of Liberty, we are thankful for his partnership and incredibly optimistic about the continued success the F1 team can drive for the sport, our fans, partners and shareholders.
    Derek Chang, President and CEO of Liberty Media.

    I am honoured to continue to lead this incredible sport, which I love and has been part of my life since my childhood and grateful to the Liberty Media Team for their trust. Together, with all the relevant F1 stakeholders, we will continue to serve the best interest of our fans, as they are the heartbeat of everything we do.  The passion, the energy and the adrenaline are the fuel that powers me every day to give my absolute best to Formula 1.
    Domenicali on the news.

  • Andy Cowell becomes Team Principal at AM

    Aston Martin have announced that Andy Cowell will assume the role of Team Principal alongside his position as CEO with immediate effect, with Mike Krack moving to the position of Chief Trackside Officer as part of an organisation restructure.

    In a shift towards a flatter structure, Cowell – who previously joined the squad in October as CEO – will also become Team Principal, with the squad’s Aerodynamics, Engineering and Performance Departments both trackside and at the AMR Technology Campus reporting into him.

    Krack – who has held the role of Team Principal since 2022 – will focus on getting the most performance out of the car at the track in his role as Chief Trackside Officer.

    The AMR Technology Campus-based team, meanwhile are set to be led by new Chief Technical Officer Enrico Caridle, while Tom McCullough will remain with the group in a leadership position.

    Cardile will oversee the architecture, design and build of new race cars, having joined the team after leaving his position as Technical Director Chassis and Aerodynamics at Ferrari last year.

    McCullough who held the position of Performance Director and has worked with the team for 11 years – is set to play a role in the expansion of the team’s broader range of racing catgeories.

    I have spent the last three months understanding and assessing our performance, and I’ve been incredibly impressed by the dedication, commitment and hard work of this team. With the completion of the AMR Technology Campus and our transition in 2026 to a full works team, alongside our strategic partners Honda and Aramco, we are on a journey to becoming a Championship-winning team. These organisational changes are a natural evolution of the multi-year plans that we have scheduled to make and I’m incredibly excited about the future.
    Cowell on the restructure.

  • Andy Cowell joins Aston Martin as CEO

    Aston Martin have signed former Mercedes power unit chief Andy Cowell as their Group Chief Executive Officer, replacing Martin Whitmarsh.

    Cowell oversaw the production of the V6 hybrid power units that won six consecutive double world titles for Mercedes in his role before leaving his role as Managing Director in the summer of 2020.

    He will be joining Aston Martin on October 1st with current Group CEO Martin Whitmarsh handing over responsibility “before the end of the year”.

    The news comes as Aston Martin continue their bid to become a World Championship-winning team, with owner Lawrence Stroll pumping huge resource into a state of the art facility, that will include a new wind tunnel.

    Engine guru Cowell’s arrival is timely as the team are set to embark on a works partnership deal with Japanese manufacturer Honda from 2026, when the new Power Unit regulations that include the use of 100% sustainable fuels will be introduced.

    I would like to thank Martin who has been instrumental in our growth phase as a business. In the last three years, he has developed the team and has helped us achieve some significant milestones, including fostering our relationship with Honda and delivering our state-of-the-art AMR Technology Campus at Silverstone. I am delighted to welcome Andy to our team at a crucial time. Together with our works partnership with Honda, the commitment from our title partner Aramco and Andy’s leadership we are on track to become a world championship winning team. Andy has my full backing and will have every resource available to win.
    Lawrence Stroll on the news.

    I am thrilled to join Lawrence’s exciting project and look forward to working with the talented group of people that has been assembled. F1 has always been my competitive passion, and I am joining Aston Martin Aramco at an exciting time with the imminent completion of the AMR Technology Campus and our transition in 2026 to a full works team with our strategic partners Honda and Aramco.
    Cowell on joining Aston Martin.

    I have known Andy for many years and brought him to Mercedes HPP in 2004 where he became Managing Director between 2013 and 2020, achieving huge success in the business and sport. He will be an incredible asset to Aston Martin Aramco and will make a significant contribution to the execution of our strategy going forward. Andy’s arrival in October and the completion of the AMR Technology Campus will allow me to step away and focus on other projects in my life, knowing that the foundations have been established with an impressive team, inspiring vision and advanced facilities to achieve success in F1.
    Whitmarsh on the news.

  • Zak Brown signs new contract with McLaren

    McLaren have confirmed that Zak Brown has extended his contract as the team’s Chief Executive Officer (CEO), with the new deal seeing him stay in the role until 2030.

    Brown first joined McLaren back in 2016 as the Executive Director of McLaren Technology Group before going on to become CEO in April 2018.

    Since assuming his position, Brown has overseen operations across all of McLaren’s race teams and has shaped the strategic direction of McLaren Racing, as well as driving the outfit’s marketing and commercial development.
    McLaren are now involved in IndyCar, Extreme E, Formula E and obviously Formula 1.

    The American has been crucial to the regeneration of the team including hiring a number of top-end staff such as Ferrari’s David Sanchez and Red Bull’s Rob Marshal. As well as opening their new windtunnel at their factory in Woking last year.

    Earlier this year, Brown secured the future of Lando Norris on a new multi-year deal, while Oscar Piastri is also tied down for many years to come.

    Zak has demonstrated exceptional leadership qualities and has been instrumental in driving McLaren Racing forward. His extension reflects our confidence in his ability to lead the team to even greater success in the years to come.

    Paul Walsh – McLaren Group’s Executive Chairman.

    I am thrilled to continue leading McLaren Racing and to be a part of such a historic race team. It is a privilege to work alongside the talented men and women across McLaren Racing’s different race series. Together, we will continue to push the boundaries of motorsport and strive for the highest performance on and off the track.

    Brown on the news.

  • Seidl appointed CEO of Sauber Group

    McLaren Team Principal, Andreas Seidl will become Sauber’s new Chief Executive Officer in January.

    Fred Vasseur is set to vacate the role, which he dovetailed with his duties as Team Principal of Alfa Romeo, to take over from Mattia Binotto at Ferrari.

    Once Seidl is in place, Sauber who will become Audi’s factory team in 2026 – say he will focus on working on the appointment of the squad’s new team principal.

    Seidl returns to Sauber, having worked their previously as Head of Trackside Operations for several years. He subsequently won several World Endurance Championship titles with Porsche as Team Principal before joining McLaren in 2019.

    It is great to join the Sauber Group from January: this is a team with a rich history in Formula 1 and an organisation I know really well from my time working and living in Hinwil for four years. I can’t wait to join the team and work with all the colleagues at the Sauber Group on the ambitious goals we have set together. I want to thank Finn Rausing and everyone at the Sauber Group for their choice: I am looking forward to repaying their trust with my work.

    Seidl on his move.

    It is an immense pleasure to welcome Andreas Seidl back to Hinwil as CEO of the Sauber Group. Andreas’s experience is second to none and he brings to Sauber Group a clear understanding of what is required to achieve sustained success. He takes over a company on an upward path and he shares our commitment to keeping our organisation growing: I look forward to many years of success together.

    Sauber Holding AG Chairman of the Board of Directors, Finn Rausing