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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,” stated Malone. “With the profitable simplification of our portfolio in recent times and our working companies in positions of power, I consider it’s an applicable time to step again from sure of my obligations, and I’m very happy to have Dob Bennett, my companion and colleague of 35 years, entering into the Chairman position.
“Dob has been concerned in all key selections all through Liberty Media’s historical past, and I’m assured that Liberty is well-positioned for the longer term. I sit up for remaining actively engaged as a big Liberty shareholder and a strategic advisor to our administration and Board.”
“I need 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 converse for your entire Board in thanking John for his extraordinary management as our chairman and for his persevering with engagement as Chairman Emeritus,” stated Bennett.
“I share Dob’s respect and appreciation for the privilege of working with John through the years and for the platform he inbuilt Liberty,” stated Derek Chang, President and CEO of Liberty Media. “We sit up for persevering with to learn 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 Govt Committee for over 15 years. He served as Liberty Media’s President and Chief Govt 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 can be composed of 8 administrators efficient January 1, 2026, 5 of whom can be impartial. The Govt Committee of the Board can be comprised of Dob Bennett, Derek Chang and Chase Carey.
As of August 31, 2025, Malone beneficially owns roughly 241 thousand shares of Collection A System One widespread inventory, 2.364 million shares of Collection B System One widespread inventory and a pair of.515 million shares of Collection C System One widespread inventory, representing roughly 49.5% of the voting energy of the System One widespread inventory, in addition to roughly 251 thousand shares of Collection A Liberty Dwell widespread inventory, 2.465 million shares of Collection B Liberty Dwell widespread inventory and 4.314 million shares of Collection C Liberty Dwell widespread inventory, representing roughly 48.9% of the voting energy of the Liberty Dwell widespread inventory.
Based by Malone in 1991, Liberty Media has two divisions, represented by separate monitoring shares, reflecting its possession stakes within the System One Group and Dwell Nation Leisure. Presently, Liberty Media owns three world motorsport companies within the type of System One, MotoGP and World Superbikes.
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