Lamborghini Boss Leaving Carmaker to Lead Formula One Racing

The chief executive of Lamborghini who oversaw a doubling of sales and its foray into sport utility vehicles is leaving the Italian carmaker to return to the upper echelons of auto racing.

Stefano Domenicali will become CEO of Formula One in January, the auto-racing unit owned by Liberty Media Corp. announced Friday. The 55-year-old has led Volkswagen AG’s performance-car brand since 2016 and introduced its first SUV model, the Urus.