Press release
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december 14, 2018 - ABB Formula E
Alejandro Agag to transition to chairman of Formula E
Alejandro Agag stepping-up from role of CEO to take position as Chairman of Formula E
'IT IS TIME TO OPEN A NEW PHASE IN THE FASTEST-GROWING CATEGORY IN MOTORSPORT. AS CHAIRMAN, I WILL BE BETTER PLACED TO HELP THE NEW CEO AND OUR STRONG MANAGEMENT TEAM TO CONTINUE GROWING THE SPORT THAT I BELIEVE IS THE FUTURE OF MOTOR #racing.'Alejandro Agag
Founder & newly-appointed Chairman of Formula E
LONDON, UK (December 14, 2018) - As part of the continued growth of #formulae Holdings Ltd. - promoter of the ABB FIA #formulae Championship - #alejandroagag and the board of the company have agreed that Mr. Agag should step-up from the role of CEO to become Chairman. This will allow the company to bolster the management team with a new CEO, who’ll be appointed in the coming months. Agag will continue to serve as CEO until the new person joins #formulae. With the support of the new CEO, Agag - acting as Chairman - will be able to focus on relationships with commercial partners, host cities and the FIA. Alejandro Agag, Founder & newly-appointed Chairman of #formulae, said: “It’s time to open a new phase in the world’s fastest-growing motorsport. I’m really proud of the job we’ve done, together with the FIA, our management team, shareholders, partners and teams. #formulae is in the best moment of its short history. As Chairman, I’ll be better placed to help the new CEO and our strong management team to continue growing the sport that I believe is the future of motor #racing.” Mr. Agag thanks current Chairman Simon Freer for his tremendous support and guidance over the last four years - and looks forward to working with the investors and partners in continuing the company’s impressive performance and trajectory. Simon Freer, speaking on behalf of the shareholders and #formulae board, said: “Under Alejandro’s leadership as CEO, the series has established itself as a leading global motorsport and is set to continue its impressive performance and trajectory going forward. We look forward to continue working with both Alejandro as Chairman and the new CEO to bring #formulae to the next level.”
'IT IS TIME TO OPEN A NEW PHASE IN THE FASTEST-GROWING CATEGORY IN MOTORSPORT. AS CHAIRMAN, I WILL BE BETTER PLACED TO HELP THE NEW CEO AND OUR STRONG MANAGEMENT TEAM TO CONTINUE GROWING THE SPORT THAT I BELIEVE IS THE FUTURE OF MOTOR #racing.'Alejandro Agag
Founder & newly-appointed Chairman of Formula E
LONDON, UK (December 14, 2018) - As part of the continued growth of #formulae Holdings Ltd. - promoter of the ABB FIA #formulae Championship - #alejandroagag and the board of the company have agreed that Mr. Agag should step-up from the role of CEO to become Chairman. This will allow the company to bolster the management team with a new CEO, who’ll be appointed in the coming months. Agag will continue to serve as CEO until the new person joins #formulae. With the support of the new CEO, Agag - acting as Chairman - will be able to focus on relationships with commercial partners, host cities and the FIA. Alejandro Agag, Founder & newly-appointed Chairman of #formulae, said: “It’s time to open a new phase in the world’s fastest-growing motorsport. I’m really proud of the job we’ve done, together with the FIA, our management team, shareholders, partners and teams. #formulae is in the best moment of its short history. As Chairman, I’ll be better placed to help the new CEO and our strong management team to continue growing the sport that I believe is the future of motor #racing.” Mr. Agag thanks current Chairman Simon Freer for his tremendous support and guidance over the last four years - and looks forward to working with the investors and partners in continuing the company’s impressive performance and trajectory. Simon Freer, speaking on behalf of the shareholders and #formulae board, said: “Under Alejandro’s leadership as CEO, the series has established itself as a leading global motorsport and is set to continue its impressive performance and trajectory going forward. We look forward to continue working with both Alejandro as Chairman and the new CEO to bring #formulae to the next level.”
Alejandro Agag Founder newly-appointed Chairman of Formula E
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