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Bernie Ecclestone steps down from F1 board

Bernie Ecclestone relinquishes his board duties and responsibilities until the case in Germany has been resolved.
F1 supremo Bernie Ecclestone has stepped down from the board of the company that runs the sport, it has been announced.

The decision comes after prosecutors in Germany said today that they would be pressing ahead with the bribery case against the 83-year-old [see separate story – HERE].

Ecclestone will though remain in control on a 'day-to-day basis', albeit subject to 'increased monitoring and control from the board'. He has also pledged to 'vigorously defend the case'.

A statement put out by Delta Topco Limited read:

“After discussion with the Board, Mr Ecclestone has proposed and the Board has agreed that until the case has been concluded, he will step down as a director with immediate effect, thereby relinquishing his board duties and responsibilities until the case has been resolved.

“It is in the best interests of both the F1 business and the sport that Mr Ecclestone should continue to run the business on a day to day basis, but subject to increased monitoring and control by the Board. Mr Ecclestone has agreed to these arrangements. The approval and signing of significant contracts and other material business arrangements shall now be the responsibility of the Chairman, Mr Peter Brabeck-Letmathe, and Deputy Chairman, Mr Donald Mackenzie.”



Related Pictures

Click on relevant pic to enlarge
21.11.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management
21.11.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management
21.11.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management
14.11.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management
08.09.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management
28.07.2013- Race, grid: Bernie Ecclestone (GBR), President and CEO of Formula One Management

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Taipan

January 16, 2014 6:17 PM

Evening Jayne, steps down from the board but still in charge of the day to day running of F1 but subject to increased monitoring and control by the board. When it comes to impossible tasks monitoring and controlling Bernie is up there with herding cats!



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