Liberty Media, the US media giant, has today announced that long-serving president and chief executive, Greg Maffei, will be stepping down from his role at the end of 2024. Maffei will not extend his contract when it expires at the end of the year and will serve as a senior advisor from 1 January to support the management transition.

Formula 1 commercial rights holder Liberty Media has announced that its president and CEO, Greg Maffei, will be stepping down from his executive role by the end of 2024.

Liberty Media's Announcement. Liberty Media announced Wednesday that CEO Greg Maffei will step down when his contract expires at year's end and transition into an advisory role. J

CEO Greg Maffei will leave his role at the end of the year and, even though it is not believed to be linked to F1 sale plans, it will not stop speculation of a takeover

Greg Maffei, CEO of Formula 1 owners Liberty Media, is stepping down at the end of 2024, the corporation has announced. Chairman John Malone will step in as interim chief executive to replace Maffei,

Liberty Media, the owner of Formula 1's commercial rights, will have a new CEO. Greg Maffei, the current top boss, will step down at the end of 2024. His interim successor is John Malone. He will take office on an interim basis.