Stefano Domenicali will remain at the helm of Formula One until at least the end of 2029 after being handed a five-year contract extension by the sport's commercial rights holders Liberty Media. The announcement was made by Formula One on Wednesday ahead of the season-opening Australian Grand Prix in Melbourne this weekend.

Stefano Domenicali will remain president and chief executive of Formula One until 2029 after extending his contract Wednesday on the eve of the season-opening race in Australia. "We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead,

Stefano Domenicali is going to stay in his current role with Formula 1 for a few more years. In a statement Wednesday ahead of the season-opening Australian Grand Prix Liberty Media announced that Domenicali would continue as the President and CEO of F1 for an additional five years,