Formula E CEO Jamie Reigle will step down from his role at the end of the current season after 3.5 years at the helm.
Reigle was appointed as the successor to the original CEO Alejandro Agag in September 2019.
At this point it is not clear where in motorsports Reigle will land, but it’s clear he must have another offer because it was him or initiated his resignation.
His departure was announced to Formula E staff on Tuesday morning, where he confirmed that he would “remain as an advisor through the end of the year” and that he will support the soon-to-be-announced new CEO through the coming months.
In an internal message, Reigle said: “When I was offered the opportunity to lead Formula E, one of my mentors said that my primary objective should be to leave the company in a better place than when I started.
“Simple advice, but a high bar given the success Formula E had achieved in the first five seasons.
“Our fans, teams, partners, shareholders, board and to me most importantly you, our employees, will be the ultimate judge of how I fared. But I believe I can confidently say Formula E is now on firm footing and poised to capture our immense opportunity. This fills me with enormous pride.
“I look back on the last four years and marvel at what we have achieved together.
“In the face of unprecedented challenges, we redefined our sport, launched a progressive brand, attracted iconic teams, opened incredible cities and welcomed new partners.
“This year we are delivering record race attendances and audiences across broadcast and digital, powered by incredible racing unlocked by the groundbreaking Gen3 car.”