It was confirmed on Monday evening (23/1/17), Bernie Ecclestone has departed his role as Formula 1's CEO, following a meeting with Formula 1 Chairman Chase Carey, ending his lengthy spell in charge of the sport.
Ecclestone, 86, has led Formula 1 for the last forty years. But, his position was threatened by the arrival of Liberty Media, which began acquiring the sport last September, ahead of a full takeover.
Liberty last week confirmed that it has received the required approval of the FIA and on Monday Ecclestone revealed to German publication Auto Motor und Sport that he is no longer in charge.
"I was deposed today," said Ecclestone, having recently hinted at a change.
"This is official. I do not run the company anymore. My position has been taken over by Chase Carey."
Ecclestone added that he has been offered the position of Honorary President by the American media company, he will more than likely to turn it down.
Chase Carey has now have Ecclestone's former role of chief executive officer added to his existing position of chairman.
Liberty Media has also brought in ex-Brawn and Mercedes team boss Ross Brawn back to F1.
Former Ferrari technical director, who had been acting as a consultant to Liberty Media, has been appointed to lead the sporting and technical side of the sport.
It has been rumoured some time he will step down. In my opinion the right time with the new owners coming in. I feel he should have stepped down a few years back maybe when Max Mosley stepped down as FIA president in 2009 when it was the right time for Bernie to step away and retire from Formula 1.
What ever you like him or don't like him Bernie Ecclestone made Formula 1 what it is today, from now on there is a new chapter ahead for Formula 1 without one Bernie Ecclestone.
No comments:
Post a Comment