CVC sounds out businessman for top F1 role

By on Tuesday, March 8, 2011

Mar.8 (GMM) F1's owner CVC is reportedly in talks with a well-known businessman for a role at the top of the sport's management.

Sky News revealed last month that, due to the Gerhard Gribkowsky corruption affair, CVC and the F1 holding company Delta Topco had launched an investigation into the takeover of the sport five years ago.

The report said the firms appointed to head the investigation were instructed to report back "within a matter of weeks".

F1 chief executive Bernie Ecclestone said at the time: "I've been advised not to talk to anyone about it."

Now, Sky's business editor Mark Kleinman reveals that Sir Stuart Rose, the former executive chairman of British retailer Marks and Spencer, "has been informally sounded out" about "a senior role at the helm" of formula one.

And he said CVC and Delta Topco have also approached "a number of other senior businesspeople" about the non-executive chairmanship role.

62-year-old Rose could not be reached, and CVC declined to comment.

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