Ecclestone trusts new CEO: ''Asked me for advice''

Stefano Domenicali is almost certainly the successor of Chase Carey as the CEO of Formula 1. The former Ferrari team boss can count on a lot of support from the paddock and even from Bernie Ecclestone.

F1 top turns red

The BBC came out on Wednesday with the news that Domenicali will be announced as the new CEO of Formula 1. It had been known for some time that Chase Carey would stop working for Liberty Media at the end of this year and will probably continue in an advisory role within the organisation.

With his wealth of experience, Domanicali is the intended successor. The Italian worked at Ferrari from 1991 to 2014 and worked his way up from the bottom to the top of the Italian race stable. In the golden years 2000-2004 he was 'Head of Sport' at Ferrari and together with Jean Todt and Ross Brawn he was responsible for Michael Schumacher winning five world titles with the team.

Support from Ecclestone

This successful trio is back at the top of Formula 1, because as President of the FIA and technical director of Formula 1, Todt and Brawn respectively have already taken their places in the sport. So the Formula 1 summit is pretty much filled with former Ferrari executives.

But for former F1 top man, Bernie Ecclestone, that is no problem at all. ''Stefano has asked me for advice and he is a man I trust. He also has a good network. However, it remains to be seen whether he is strong enough in difficult times," says Ecclestone to Blick.ch.