Food giant Nestle's boss has confirmed he is set to enter the world of formula one. Austrian businessman Peter Brabeck-Letmathe confirmed to Kleine Zeitung newspaper that he has been lined up to chair the sport's parent company once it has floated on the Singapore exchange.
"That's right," said the 67-year-old. "And it's true that I have agreed to take over the chairmanship of the supervisory board in a non-executive function. If formula one is to be a public company then it is important that the chairman is independent."
Brabeck-Letmathe confirmed that Bernie Ecclestone, 82, is remaining F1's chief executive. "We certainly hope that Bernie stays healthy for a long time and can keep on working," he said. "I am already impressed with his performance. But of course it is the task of a supervisory board to ensure the succession of a business. At Nestle, I have always ensured that everyone can be replaced from the executive board within 24 hours. So we need to think about how to replace Bernie Ecclestone as well." (GMM)
New boss says F1 must consider future after Ecclestone
- Published on 07 May 2012 13:06
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- By: Rob Veenstra
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L. Hamilton
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L. Norris
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C. Leclerc
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Feb 13
A. Antonelli
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Bahrain International Circuit - Winter testing
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G. Russell
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Formula 1 Calendar - 2026
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Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
Bahrain
Bahrain International Circuit
17 - Apr 19
Saudi Arabia
Jeddah Street Circuit
1 - May 3
United States of America
Miami International Autodrome
22 - May 24
Canada
Gilles Villeneuve
5 - Jun 7
Monaco
Monte Carlo
12 - Jun 14
Spain
Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
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