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Maffei to step down as Liberty Media CEO
Greg Maffei, CEO of Formula 1’s owner Liberty Media, will step down from his position at the end of the year as the business simplifies its corporate structure. Liberty currently owns Formula 1 among many other businesses and is planning on separating its ticketing and live entertainment group – Liberty Live – from its sports investments such as F1 and MotoGP. That follows other spin-offs in the past including SiriusXM, meaning the portfolio being directly managed by the Liberty CEO has been divided up into separate entities. Maffei has been CEO of Liberty Media since 2006, but with his contract due to expire at the end of this year the restructuring of the company has resulted in...
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