Bernie Ecclestone has been reappointed to the board of Formula 1’s management group alongside ex-Ferrari president Luca di Montezemolo.
The 84-year-old was removed from the board when he was fighting bribery charges in Germany relating to the sale of the sport.
With the charges being dropped following a $100 million settlement, F1’s owner, CVC Capital Partners, agreed to reappoint Ecclestone and also confirmed he will continue in the role of Group CEO.
Former Ferrari president Di Montezemolo has also been appointed to the board after losing his position as non-executive director – a position he held between 2012 and 2014 – after he was replaced at the Italian marque by Fiat CEO Sergio Marchionne.
Meanwhile former Diageo CEO, Paul Walsh, has taken up the position of non-executive director despite turning down an offer to become chairman of the board.
