The man who replaced Bernie Ecclestone at the top of Formula One says he hopes his predecessor can still contribute to the sport as an advisor.
Chase Carey was named as F1's new CEO following the completion of Liberty Media's takeover of the sport on Monday. He will be joined in a revised management structure by former F1 team boss Ross Brawn on the sporting side and ex-ESPN sales and marketing executive Sean Bratches on the commercial side.
Former CEO Ecclestone was named as F1's new chairman emeritus in Liberty's statement, a job title he referred to as "one of those American terms" when breaking the news to a German publication ahead of the official press release.