Liberty Media CEO Greg Maffei Announces 2024 Departure Amid Asset Spin-Off

Greg Maffei, CEO of Liberty Media, will step down by the end of 2024, with John Malone taking over as interim CEO. Maffei, who played a key role in Liberty's acquisition of Formula 1 and its transformation into a global entertainment entity, will remain as a senior advisor to ensure a smooth transition. Maffei's departure marks the end of nearly two decades at Liberty, during which he significantly expanded the company's asset base and streamlined its corporate structure.