McLaren Racing applauds Chase Carey for his leadership in bringing our sport to the cusp of a new, exciting, promising era. In the three years he has been at the helm, the sport has been reinventing itself: it has embraced digital and social media and opened itself up to fans more than ever; it has new financial regulations including the all-important budget cap that begins next year; new technical and sporting regulations and a new Concorde agreement to govern the sport for the future; and it has a new focus on sustainability and diversity as intrinsic elements of the sport’s growth and success.

Second, the team embraces the decision to appoint Stefano Domenicali to the position of President & CEO of F1, and believes he is the right person to lead the sport into its new era. Stefano has a rounded view and broad experience at team, manufacturer, regulator, brand and senior leadership levels that equip him well to build on the strong foundations Chase and his team have laid for the sport’s continued development and growth.

We are both confident and excited at the prospect of working with Stefano and his team, continuing to work with Chase, the FIA and our fellow teams as partners in the new era of Formula 1.

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