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Ecclestone steps down as F1 director but will continue to run the business

Ecclestone steps down as F1 director but will continue to run the business 16 January, 2014 Bernie Ecclestone still the F1 kingpin Formula 1  chief executive Bernie Ecclestone will continue to run the motor racing business despite a forthcoming bribery trial but will face greater control from the company board, Formula One said in a statement on Thursday. Ecclestone, who denies wrongdoing, will step down as a Formula One director pending the conclusion of a trial scheduled to start in Germany in late April, but will run the business on a day-to-day basis. 'The approval and signing of significant contracts and other material business arrangements shall now be the responsibility of the...
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2y ago from GrandPrix247.com 0
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