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Ecclestone back on F1 board
The Saudi Gazette Published in The Saudi Gazette on 19 - 12 - 2014


LONDON — Bernie Ecclestone has been re-appointed to the Formula One board and will continue to serve as chief executive. Ecclestone stepped down as a board member of F1's holding company earlier this year while standing trial for bribery in Germany. The case was closed in August when Ecclestone made a $100 million payment. Investment group CVC Capital Partner, F1's controlling shareholder, announced Ecclestone's return to the board in a statement Thursday. CVC also announced that former Ferrari chairman Luca di Montezemolo and Paul Walsh, the former chief executive of drinks giant Diageo, will become non-executive directors from January. – AP

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