“Any rumour or speculation otherwise is wrong” – Formula 1 dismiss suggestion Stefano Domenicali will return to Ferrari to replace Louis Camilleri

“Any rumour or speculation otherwise is wrong.” – Formula 1 has dismissed rumours to-be F1 CEO Stefano Domenicali will replace Louis Camilleri as Ferrari CEO instead.

After Louis Camilleri shockingly stepped down as Ferrari CEO, rumours started circulating of Stefano Domenicali replacing him. Currently, executive chairman John Elkann has taken up the additional role on an interim basis. For those unaware, Domenicali was the Ferrari F1 team principal from 2008 to 2014. In his first season, Ferrari won the  2008 world title with Kimi Raikkonen, their last in F1.

Liberty Media have confirmed that Stefano Domenicali will take up the role of President and CEO of Formula 1 in January 2021

Chase Carey will move to the role of non-executive Chairman#F1 pic.twitter.com/DgRJrLG05t

— Formula 1 (@F1) September 25, 2020

But, with Domenicali set to take over Chase Carey’s role as F1 CEO Formula 1 rubbished the rumors straightaway. Domenicali was appointed as CEO at Lamborghini in 2016 and has also headed FIA’s Single-Seater Commission.

“Stefano is joining Formula 1 on the first of January and is looking forward to this new and exciting challenge. Any rumour or speculation otherwise is wrong.”

Also read: “He will try everything to slow us down”- Toto Wolff speaking on the appointment of new F1 boss Stefano Domenicali

Statement on Louis Camilleri leaving Ferrari

Ferrari released an official statement announcing Camilleri’s departure from the automobile giant. He was the CEO for the past three years and member of BoD for 6 years. He led the organisation during the tough Covid-19 phase this year, with revenues dropping big time.

“I would like to express our most sincere thanks to Louis for his unstinting dedication as our chief executive officer since 2018 and as a member of our board of directors since 2015.”

“His passion for Ferrari has been limitless and under his leadership the company has further affirmed its position as one of the world’s greatest companies, capitalizing on its truly unique heritage and an unerring quest for excellence. We wish him and his family a long and happy retirement.”

About the author

Subham Jindal

A Red - be it Manchester United or Ferrari. Hails from the hills of Kalimpong, Darjeeling. Aspiring to become a respected Sports Management professional.

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