London: Formula 1 has announced that after three years at Formula 1, Murray Barnett will step down from his role as Director of Sponsorship and Commercial Partnerships to pursue wider commercial opportunities.
Murray will officially leave Formula 1 on 28th February and his replacement will be announced in due course, the F1 official statement said.
Murray joined Formula 1 in April 2017 following Liberty Media’s acquisition of the sport in January that year with the responsibility for building the sport’s global sponsor sales division and targeting new commercial opportunities across all platforms.
Since 2017 Formula 1 has transformed its commercial operations from a predominantly motor sport company to a leading global media and entertainment brand. Murray has played a crucial role in the changes and building a world class partnership team within F1 that will continue to serve our sponsors to the highest standard and cultivate new partnership opportunities.
Under his leadership, the partnerships team have successfully brought new partners to the business, including Petronas, New Balance, AWS, Carbon Champagne, Cyber 1, Liqui Moly, Marelli, Dubai Expo 2020 and 188 Bet as well as renewing Formula 1’s Global Partnerships with Emirates, Singapore Airlines and Pirelli in addition to extending the partnership with DHL. Furthermore, there are a number of exciting developments in F1 partnerships to be announced in the near future that Murray and his team have been working on in recent months.