TURIN, Italy – Jean Todt has confirmed that the FIA must approve of Bernie Ecclestone’s successor as Formula 1’s CEO.
Ecclestone, 85, has helped to shape F1 into the global commercial powerhouse that it is today during his 50-plus years in the sport, and has long stated that he has no plans to step down.
Speaking to reporters at the FIA Sport Conference in Turin, FIA president Todt confirmed that when a replacement for Ecclestone is required, whoever is selected must be approved by F1’s governing body.
“The actual promoter has been doing an extraordinary job to develop Formula 1,” Todt said.
“That doesn’t mean we do always agree, but I do respect all that he has been doing. Bernie has his style, everyone does.
“There is a major shareholder, CVC. They are very strong, talented business people. The day they decide something needs to change in the management of one of their assets, I’m convinced they know what to do.
“They will make a proposal. It has to be suitable for the FIA, but I don’t have any real concerns.
“I’m not going to get into the detail of the contract, but they need to have a final agreement from the FIA, yes. We are talking with very respectable business people.”