Overview
- Liberty Media vice chairman Robert R. “Dob” Bennett will become chairman of Liberty Media when Malone transitions to emeritus status.
- Liberty Global CEO and vice chairman Mike Fries will succeed Malone as chairman of Liberty Global on the same date.
- Malone said he will stay actively involved as a strategic advisor to management and the boards after leaving both company boards.
- Company disclosures show Malone holds about 49.5% of Formula One Group’s voting power and approximately 48.9% of Liberty Live’s voting power.
- The move continues Malone’s gradual step back from public board roles following earlier transitions at Warner Bros. Discovery and Charter.