Overview
- Effective Jan. 1, 2026, Malone will leave both boards and become chairman emeritus at Liberty Media and Liberty Global.
- Robert R. “Dob” Bennett will become chairman of Liberty Media, while Mike Fries will become chairman of Liberty Global.
- Malone said he will remain an active, large shareholder, including roughly 49.5% voting power in Liberty Media’s Formula One common stock.
- The change follows multi‑year portfolio simplification and earlier reductions in public roles, including his move to chair emeritus at Warner Bros. Discovery in 2025.
- At Liberty Media, the succession comes after Derek Chang took over as president and CEO, with the company centered on Formula 1, MotoGP and interests tied to Live Nation.