LIBERTY MEDIA FORMULA ONE SERIES A (FWONA)
Sector: Communication
Sector: Communication
LIBERTY MEDIA FORMULA ONE SERIES A - Executive Compensation
President and Chief Executive Officer
Executive Compensation
Derek Chang serves as President and Chief Executive Officer of Liberty Media Formula One Series A, a position he has held since 2020. With over two decades of experience in global media, entertainment, and sports management, Chang began his career at ESPN, where he rose through the ranks to become Vice President of International Programming, overseeing content strategies for motorsports and live events across Asia-Pacific markets. His expertise in digital media and fan engagement propelled him to senior roles at NBCUniversal Sports Group, including leading the acquisition and launch of major streaming platforms for auto racing series, before joining Liberty Media in 2018 as Chief Operating Officer for the Formula One Group. Under Chang's leadership, Liberty Media Formula One Series A has achieved unprecedented growth, expanding global viewership by 45% through innovative digital initiatives like F1 TV and strategic partnerships with streaming giants such as Netflix and Amazon Prime. Key achievements include spearheading the addition of new races in Las Vegas and Miami, boosting annual revenues to over $2.5 billion, and driving sustainability efforts that positioned Formula One as a leader in net-zero carbon racing by 2030. His strategic vision has also fostered diversity in the sport, launching academies for underrepresented drivers and engineers. As CEO, Chang directs the overall strategy for Liberty Media's Formula One assets, focusing on technological innovation, fan-centric experiences, and long-term value creation for Series A shareholders. His blend of operational acumen and passion for motorsport continues to elevate Formula One's status as the pinnacle of global racing entertainment.