Liberty Media president and CEO Greg Maffei will leave his role at the end of the year after not signing a new contract
Formula 1 owner Liberty Media has announced its president and CEO Greg Maffei will leave his role by the end of 2024. Maffei, who joined the American investment firm in 2005 and became its CEO in February 2006, will depart Liberty Media after opting not to renew his expiring contract. Maffei will be replaced on an interim basis by Liberty Media’s chairman, John Malone, and according to the company he will stay on as an senior advisor to help smoothen the management transition.
'The corporate structure is optimized, and the portfolio companies are in strong positions with talented executive teams in place. While it’s never easy to leave an organization as dynamic as Liberty, I am confident that this is the right time. I have thoroughly enjoyed working alongside and learning from John, our board, the management teams at Liberty and across the family of companies and our shareholders.
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