Thursday 18 December 2014

Ecclestone re-elected to Formula One board

(Glenn Dunbar LAT for the Lotus F1 Team)

Formula One Supremo Bernie Ecclestone has been re-elected to the bard of Formula One. Mr Ecclestone returns to the board after stepping down ahead of his trial in Germany for bribery. Ecclestone paid £100 million to settle the case with prosecutors in August.

Former Ferrari President Luca Di Montezemelo has also been appointed to the board of Formula One. 

The Italian resigned as President of Scuderia Ferrari in September and officially left the company in October. He was replaced as President by FIAT Chairman Sergio Marchionne. Di Montezemelo was previously on the board of Formula One prior to his departure from Ferrari.

It was also confirmed that former Diageo Chief Executive Officer Paul Walsh has also been appointed to the board of Formula One. Earlier this week, Walsh ruled himself as a possible replacement for Ecclestone.

Walsh will take up his new role as non-executive director on the Formula One board from Thursday 1st January 2015.

© Ben Johnston 2014



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