Greg Maffei to Step Down as Liberty Media CEO

Greg Maffei, the president and CEO of Liberty Media, will step down from his position at the end of 2024 after nearly 20 years with the company. Since taking the reins in 2005, he has overseen pivotal developments, including the significant acquisition of Formula 1 in 2017 and the subsequent transformation of the series into a global entertainment powerhouse. Maffei will remain involved as a senior advisor to facilitate a smooth leadership transition.

John Malone, the current chairman of Liberty Media, is set to take over on an interim basis. Known for his guidance and strategic vision, Malone has expressed high regard for Maffei's leadership. Under Maffei’s stewardship, the company has seen substantial growth, expanding Formula 1's calendar and amplifying its international footprint. As he prepares to leave, Maffei remains optimistic about Liberty Media's future.