Alejandro Agag steps aside as Formula E CEO

Formula E founder to take over as chairman of electric car racing series.

Alejandro Agag steps aside as Formula E CEO

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Alejandro Agag, ABB FIA Formula E founder, will move from his current role as chief executive of the electric car racing series, in order to become the competition’s chairman.

As a result of Agag’s change of position, a new chief executive will be appointed in the coming months, Formula E has confirmed. In the meantime, Agag will continue in the role until his replacement has been found.

Agag said: “It’s time to open a new phase in the world’s fastest-growing motorsport.

“I’m really proud of the job we’ve done, together with the FIA, our management team, shareholders, partners and teams.

“Formula E is in the best moment of its short history.

“As chairman, I’ll be better placed to help the new CEO and our strong management team to continue growing the sport that I believe is the future of motor racing.”

The new Formula E season began at the weekend, with Antonio Felix da Costa winning the Saudia Ad Diriyah E-Prix in Saudi Arabia.