F1 News: FIA Suffers Two More High-Profile Staff Departures Amid Major Restructure
The Federation Internationale de l'Automobile (FIA) has recently seen the exit of two more executives from its legal division, as confirmed by FIA President Mohammed Ben Sulayem, marking a continuation of the trend of high-profile departures from the organisation.
Key Takeaways:
- The legal framework of the FIA is significantly impacted with Pierre Ketterer and Edward Floydd leaving their positions.
- Their exits follow closely on the heels of previous departures, highlighting a period of substantial personnel changes within the FIA.
- These changes come amid the FIA's declared "large-scale transformation" to realign its structure and operations for the future.
With the FIA's internal restructuring, the departures of Pierre Ketterer, the governance and regulatory director, and Edward Floydd, the head of commercial legal affairs, stand out. These two were instrumental in the negotiations of the Concorde Agreement for Formula 1, a cornerstone of the sport's governance.
Ketterer's next chapter will see him joining the International Olympic Committee, a move that has been met with both professional and personal sentiments from the FIA President. Mohammed Ben Sulayem shared:
"I will miss Pierre personally and professionally.
“He was a prominent, well-respected figure in our organisation. I would like to thank him for his invaluable contribution and unwavering professionalism. He has decided to take his career in a new direction after years of loyal service, and I wish him well in his new role.”
While Ketterer's future path is clear, the FIA has remained silent on the next steps for Floydd, who was a key legal advisor on civil and commercial matters within the federation.
This ongoing shift within the FIA is described as part of a broader strategy of transformation and adaptation. The federation is actively restructuring, introducing new departments and roles aimed at enhancing its functionality and responsiveness to the evolving demands of motorsport. This includes the recruitment of a chief legal officer, chief commercial officer, and a senior director for sustainability and EDI, amongst others.
The departure of such key figures raises questions about the immediate impact on the FIA's operations, particularly in the legal and governance aspects.
Keep up with the latest news on YouTube!