Chase Carey Joins Liberty Media's Board of Directors

Chase Carey Appointed to Liberty Media Board

Liberty Media Corporation (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) has announced an exciting new addition to its board of directors. Chase Carey, a prominent figure in the media and sports industry, has been appointed to serve on the board effective January 1, 2025. Carey's influence and leadership in the realm of sports and media make him a valuable asset to Liberty Media during this pivotal time in their evolution.

Chase Carey's Noteworthy Background

Mr. Carey brings a wealth of experience to the role, having previously served as Chairman of Formula 1 from 2016 to 2022. He also held the position of Chief Executive Officer from 2017 to 2021, where his leadership was crucial in advancing the sport. Under his guidance, Formula 1 saw significant growth and transformation, which laid a strong foundation for its future success.

Endorsement from Liberty Media Chairman

John Malone, the Chairman of Liberty Media, praised Mr. Carey, stating, "Chase has been an excellent partner to Liberty for many years. His extensive experience across various sectors will be invaluable as we embark on our next phases of growth and innovation." This endorsement highlights the trust and expectation placed on Mr. Carey to contribute significantly to the board.

Growth and Future Vision

In his own words, Mr. Carey expressed his enthusiasm for joining Liberty at such an exciting time. He noted, "Liberty is at an exciting point in its storied evolution, with a more focused asset base centered around high-quality, premium sporting assets that I know well." As the company centers more of its activities around strategic investments in sports, Carey's insights and expertise will likely play a vital role in guiding these ventures.

Previous Roles and Experiences

Before his successful tenure at Formula 1, Mr. Carey held significant positions at 21st Century Fox. He served as President and Chief Operating Officer from 2009 to 2015, leading various initiatives during his time there. Additionally, he was the President and Chief Executive Officer of DIRECTV, Inc., further solidifying his standing in the industry. His background in these pivotal organizations equips him with insights that can greatly benefit Liberty Media.

About Liberty Media Corporation

Liberty Media Corporation is a dynamic company managing a diverse portfolio that spans media, communications, sports, and entertainment. The company operates under two main tracking stock groups: the Formula One Group and the Liberty Live Group. Each group comprises various subsidiaries and investments, positioning Liberty Media as a significant player in the world of entertainment and sports.

The Formula One Group (NASDAQ: FWONA, FWONK) includes Liberty Media's subsidiaries such as Formula 1 and Quint, alongside several strategic minority investments. Meanwhile, the Liberty Live Group (NASDAQ: LLYVA, LLYVK) encompasses an investment in Live Nation and other key assets that drive its business forward.

Frequently Asked Questions

Who is Chase Carey?

Chase Carey is a former Chairman of Formula 1 and has held various executive roles in major companies like DIRECTV and 21st Century Fox.

What position was Chase Carey appointed to?

Chase Carey has been appointed to the board of directors at Liberty Media Corporation, effective January 1, 2025.

What companies are under Liberty Media Corporation?

Liberty Media Corporation owns interests in a variety of media, communications, and entertainment businesses, including Formula 1 and Live Nation.

What is the significance of Chase Carey joining the board?

With his extensive background in media and sports, Chase Carey's appointment is expected to enhance Liberty Media's strategic direction and growth initiatives.

When will Chase Carey start his role on the board?

Chase Carey's role as a board member will officially start on January 1, 2025.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.