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Greg Maffei steps down as CEO of Liberty Media, the company that owns F1
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FILE- Greg Maffei, president, CEO and director of Liberty Media Corp., arrives at the Sun Valley Inn for the 2011 Allen and Co. Sun Valley Conference in Sun Valley, Idaho on July 6, 2011. - photo by AP Photo/Julie Jacobson, File
ENGLEWOOD, Colo. (AP) — Greg Maffei is stepping down as president and chief executive of Liberty Media, the company that owns Formula 1. Liberty Media said in a statement Wednesday that Maffei would leave his role when his contract expires at the end of the year and become an advisor. The company's 83-year-old chairman John Malone will be the interim CEO.