Formula One owner Liberty Media appointed longtime sports executive Derek Chang as its next CEO on Wednesday. Read more at straitstimes.com.

Derek Chang, a Liberty board member and former CEO of NBA China, will look at digital expansion.

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Derek Chang, former NBA China executive, will assume the role of Liberty Media CEO in February 2025, succeeding Greg Maffei.

Formula One owner Liberty Media on Wednesday named veteran sports executive Derek Chang as president and chief executive officer, effective Feb. 1.