Formula 1’s commercial chief Sean Bratches is to step down from his position at the end of January, but will continue to support the sport in an advisory role.
Bratches joined Formula 1 amid Liberty Media’s acquisition of the championship in early 2017, forming part of a triumvirate that included sporting chief Ross Brawn and overall CEO Chase Carey.
Bratches’ departure had been widely expected, having cited a desire to return to his native United States to spend more time with his family.
On Monday it was confirmed that Bratches will step down from his position but will continue to act as an advisor, with his role now reporting to Carey.
“The past three years at Formula 1 have been an incredible journey, one which I have enjoyed thoroughly,” said Bratches.
“I want to personally thank the team at F1 for their extraordinary efforts and dedication, they are the best of the best and I am confident they will continue to serve fans and deliver on the strategy we have set in the years ahead.
“I am proud that I leave Formula 1 in a better position than when I joined in 2017 and I know that the foundation we have put in place as a team will continue to serve our fans around the world and reach new audiences.”
Carey added: “I want to thank Sean on behalf of everyone at Formula 1 for the leadership, passion and expertise he has given to the business over the past three years.
“Sean has transformed the commercial side of Formula 1 and a testament to his work is shown in our momentum and growth as a business.
“I am pleased Sean will continue to be an advisor for us from his home in the US, he will always be part of the Formula 1 family and I look forward to his ongoing advice and counsel. I wish him all the best in his new endeavours.”
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