The company structure of the Formula One group has never been uncomplicated but the old Jersey-registered Delta Topco, the parent company of the group has become Formula One Topco. What is interesting about this is that the board of directors features a few unexpected names (at least for the moment). There are various Liberty Media executives, including Greg Maffei, Richard Baer and Albert Rosenthaler, plus Chase Carey, Ross Brawn, the CFO Duncan Llowarch and the legal counsel Sacha Woodward Hill. There are now three representatives of the teams: McLaren's Shaik Mohammed Bin Essa Al-Khalifa (right), Sergio Marchionne (Ferrari) and Bodo Uebber (Mercedes), plus Peter Brabeck-Lemathe (chairman emeritus Of Nestle) and Donald Mackenzie (CVC). As part of the tidying up, which seems to be an ongoing process, the old Beta D3 Ltd has been transformed into Formula One Research, Engineering and Development, which will be covering the activities of Ross Brawn's departments which are looking at how to improve Formula 1 in the future. Beta D3 was originally a company that existed to loan money to other companies in the group and was purely a financial device.
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