Overview
- John Malone will step down as Liberty Media chairman on January 1, 2026 and move into an emeritus advisory role.
- Dob Bennett, a co‑founder and longtime director, will become chairman and help lead a three‑person executive group with CEO Derek Chang and former F1 chief Chase Carey.
- Liberty said its board will shift to eight directors, including five independent members, as part of the year‑end governance changes.
- Malone remains a major shareholder with roughly 49.5% of the Formula 1 group’s voting rights, preserving significant influence over the business.
- The company indicated no disruption is expected to day‑to‑day management of Formula 1 and newly acquired MotoGP under existing leadership.