Liberty Media founder John Malone is to step down from the board of administrators and transition to the function of Chairman Emeritus of Liberty Media.
Efficient January 1, 2026, Malone, will step down from the board of administrators whereas Vice Chairman Robert R. (‘Dob’) Bennett will assume the function of Chairman of the Board.
“Founding Liberty Media and serving as its chairman has been among the many most rewarding experiences of my skilled life,” stated Malone. “With the profitable simplification of our portfolio in recent times and our working companies in positions of power, I imagine it’s an acceptable time to step again from sure of my obligations, and I’m more than happy to have Dob Bennett, my companion and colleague of 35 years, getting into the Chairman function.
“Dob has been concerned in all key selections all through Liberty Media’s historical past, and I’m assured that Liberty is well-positioned for the long run. I sit up for remaining actively engaged as a big Liberty shareholder and a strategic advisor to our administration and Board.”
“I need to thank John for greater than three many years of partnership and mentorship. His legacy as a visionary enterprise chief is with out parallel and I’m deeply grateful for his confidence. I communicate for the whole Board in thanking John for his extraordinary management as our chairman and for his persevering with engagement as Chairman Emeritus,” stated Bennett.
“I share Dob’s respect and appreciation for the privilege of working with John through the years and for the platform he inbuilt Liberty,” stated Derek Chang, President and CEO of Liberty Media. “We sit up for persevering with to learn from John’s partnership as a strategic voice and advisor as we pursue long-term worth creation at Liberty Media and concentrate on sustained development in our high-quality portfolio of belongings.”
Bennett has been Vice Chairman of the Board since January 1, 2025, a director of Liberty Media since 1994 and a member of its Government Committee for over 15 years. He served as Liberty Media’s President and Chief Government Officer from 1997 to 2005, previous to which he held different govt roles since becoming a member of Liberty Media as considered one of its founding executives in 1991.
Following Malone’s resignation, the Board will probably be composed of 8 administrators efficient January 1, 2026, 5 of whom will probably be impartial. The Government Committee of the Board will probably be comprised of Dob Bennett, Derek Chang and Chase Carey.
As of August 31, 2025, Malone beneficially owns roughly 241 thousand shares of Collection A Formulation One widespread inventory, 2.364 million shares of Collection B Formulation One widespread inventory and a couple of.515 million shares of Collection C Formulation One widespread inventory, representing roughly 49.5% of the voting energy of the Formulation One widespread inventory, in addition to roughly 251 thousand shares of Collection A Liberty Stay widespread inventory, 2.465 million shares of Collection B Liberty Stay widespread inventory and 4.314 million shares of Collection C Liberty Stay widespread inventory, representing roughly 48.9% of the voting energy of the Liberty Stay widespread inventory.
Based by Malone in 1991, Liberty Media has two divisions, represented by separate monitoring shares, reflecting its possession stakes within the Formulation One Group and Stay Nation Leisure. At the moment, Liberty Media owns three international motorsport companies within the type of Formulation One, MotoGP and World Superbikes.
