Liberty Media founder John Malone is to step down from the board of administrators and transition to the position of Chairman Emeritus of Liberty Media.
Efficient January 1, 2026, Malone, will step down from the board of administrators whereas Vice Chairman Robert R. (‘Dob’) Bennett will assume the position of Chairman of the Board.
“Founding Liberty Media and serving as its chairman has been among the many most rewarding experiences of my skilled life,” mentioned Malone. “With the profitable simplification of our portfolio lately and our working companies in positions of energy, I imagine it’s an applicable time to step again from sure of my obligations, and I’m very happy to have Dob Bennett, my associate and colleague of 35 years, moving into the Chairman position.
“Dob has been concerned in all key choices all through Liberty Media’s historical past, and I’m assured that Liberty is well-positioned for the long run. I stay up for remaining actively engaged as a big Liberty shareholder and a strategic advisor to our administration and Board.”
“I wish to thank John for greater than three a long time of partnership and mentorship. His legacy as a visionary enterprise chief is with out parallel and I’m deeply grateful for his confidence. I communicate for all the Board in thanking John for his extraordinary management as our chairman and for his persevering with engagement as Chairman Emeritus,” mentioned Bennett.
“I share Dob’s respect and appreciation for the privilege of working with John over time and for the platform he in-built Liberty,” mentioned Derek Chang, President and CEO of Liberty Media. “We stay up for persevering with to profit from John’s partnership as a strategic voice and advisor as we pursue long-term worth creation at Liberty Media and give attention to sustained development in our high-quality portfolio of belongings.”
Bennett has been Vice Chairman of the Board since January 1, 2025, a director of Liberty Media since 1994 and a member of its Government Committee for over 15 years. He served as Liberty Media’s President and Chief Government Officer from 1997 to 2005, previous to which he held different govt roles since becoming a member of Liberty Media as one in all its founding executives in 1991.
Following Malone’s resignation, the Board will likely be composed of 8 administrators efficient January 1, 2026, 5 of whom will likely be impartial. The Government Committee of the Board will likely be comprised of Dob Bennett, Derek Chang and Chase Carey.
As of August 31, 2025, Malone beneficially owns roughly 241 thousand shares of Sequence A Components One widespread inventory, 2.364 million shares of Sequence B Components One widespread inventory and a pair of.515 million shares of Sequence C Components One widespread inventory, representing roughly 49.5% of the voting energy of the Components One widespread inventory, in addition to roughly 251 thousand shares of Sequence A Liberty Stay widespread inventory, 2.465 million shares of Sequence B Liberty Stay widespread inventory and 4.314 million shares of Sequence C Liberty Stay widespread inventory, representing roughly 48.9% of the voting energy of the Liberty Stay widespread inventory.
Based by Malone in 1991, Liberty Media has two divisions, represented by separate monitoring shares, reflecting its possession stakes within the Components One Group and Stay Nation Leisure. At the moment, Liberty Media owns three international motorsport companies within the type of Components One, MotoGP and World Superbikes.
