Former Ferrari team principal Stefano Domenicali will replace Chase Carey as Formula One boss, it was confirmed on Friday.
As reported earlier this week, Domenicali will take on the roles of CEO and President of the sport. Existing CEO Carey, who had already signalled his intention to retire, will move into a non-executive chairman role.
Domenicali, 55, was in charge of Ferrari's Formula One team from 2008 to 2014 and presided over its most recent championship, the 2008 constructors' title. He is currently chairman and chief executive of Italian sportscar Lamborghini and also serves as head of the governing FIA's single-seater commission.