Stefano Domenicali will remain president and chief executive of Formula One until 2029 after extending his contract Wednesday on the eve of the season-opening race in Australia. "We are thrilled to renew Stefano and look forward to his leadership alongside the talented management of Formula 1 for the years ahead,

Stefano Domenicali, who has guided Formula 1 through explosive growth on the calendar and in popularity in recent years, will stay on as president and chief executive through 2029 under a five-year contract extension announced by the the global racing series and ownership group Liberty Media.