System 1 chief govt Stefano Domenicali has signed a brand new five-year contract to the tip of 2029.
The Italian, a former Ferrari staff principal and Lamborghini chief govt, has held the position since 2021.
The deal was introduced simply days earlier than the season-opening Australian Grand Prix in Melbourne.
“Stefano has been instrumental in driving the enterprise to new ranges of success and changing into the worldwide sport it’s in the present day,” learn an F1 assertion.
Domenicali stated: “I’m honoured to proceed to steer this unbelievable sport, which I like and has been a part of my life since my childhood.
“Collectively, with all of the related F1 stakeholders, we’ll proceed to serve the very best curiosity of our followers, as they’re the heartbeat of every little thing we do.
“The eagerness, the power and the adrenaline are the gasoline that powers me day by day to present my best possible to System 1.”
Domenicali spent six years at Ferrari between 2008 and 2014 and is the final staff principal below whom the staff received a world title – the constructors’ championship in 2008.
He joined Lamborghini in 2016 earlier than succeeding American Chase Carey as head of System 1 5 years later.
