Derek Chang, former NBA China executive, will assume the role of Liberty Media CEO in February 2025, succeeding Greg Maffei.

Derek Chang, a Liberty board member and former CEO of NBA China, will look at digital expansion.

John Malone’s Liberty Media Corp. has named Derek Chang president and chief executive officer, replacing longtime, outgoing CEO Greg Maffei.

Formula One owner Liberty Media appointed longtime sports executive Derek Chang as its next CEO on Wednesday. Chang will officially take over on Feb. 1 and will lead Liberty's three-man executive board that will work with F1 CEO Stefano Domenicali.

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Liberty Media has announced the appointment of Derek Chang as its new president and CEO, effective February 1, 2025.

F1 owner Liberty Media has appointed Derek Chang as its new president and CEO. The announcement comes following Greg Maffei’s departure last year. Maffei, who helped Liberty complete its takeover of F1 back in 2017, confirmed he would be stepping down from the position in November.

Formula 1 owner Liberty Media has appointed a new president and chief executive officer following Greg Maffei's departure last year. Derek Chang, an executive specialising in media sports and entertainment, will take on the role from 1 February.

Liberty Media has announced a new president and CEO for the company after the recent departure of Greg Maffei.