John Malone’s Liberty Media has named a board member and seasoned sports executive as its new CEO and president, driving ahead with a strategy of streamlining the business while capitalizing on selective growth opportunities. Liberty Media which owns the global motorsport juggernaut Formula One and has a stake in ticketing-and-events company Live Nation among other holdings, has tapped 56-year-old Derek Chang as its new leader, effective Feb. 1. Chang has served on Liberty’s board since 2021.