MUMBAI: The John Malone-headed Liberty Media Corp has announced the appointment of veteran media, sports, and entertainment executive Derek Chang as its president&  CEO, effective 1  February  2025.
Chang, a Liberty Media board member since 2021, brings extensive experience from leadership roles at the NBA, DirecTV, Scripps, and EverPass Media, among others. Liberty Media  chairman John Malone, will serve as interim CEO until Chang assumes the role.

“I am thrilled to welcome Derek as CEO,” said Malone. “His deep industry expertise and leadership make him the ideal choice to guide Liberty’s next chapter.”

Chang expressed enthusiasm for the opportunity, stating his focus will be on optimising Liberty Media's portfolio and advancing key assets like Formula 1 and MotoGP.

Chang will join the Liberty Media board’s executive committee alongside Malone, Dob Bennett, and Chase Carey.

Liberty Media operates interests in media, sports, and entertainment businesses, including Formula 1 and Live Nation.