Alberto Longo, the current deputy CEO of Formula E, has emerged the hot favourite to become the electric championship’s permanent CEO and could be announced in the role in the coming weeks.
Longo, along with chairman Alejandro Agag, is a co-founder of Formula E, and has been a pivotal personality in expanding the all-electric championship in to its present force in global motorsport.
Longo (pictured above left, with Lucas di Grassi) currently also carries the title of Formula E’s chief championship officer.
He has previously worked with his elder cousin Agag at the Addax GP2 team. Prior to that he was an investment advisor at Santander Bank before founding his own law firm.
Agag became the chairman of Formula E in December and is currently the acting CEO. Agag will split his time between this role and his growing vision as one of the founding leaders of the Extreme E electric SUV series.
The hunt for Agag’s successor to the position of CEO has been ongoing since the start of the year with global headhunting agency Spencer Stuart acting as an initial recruitment agent.
Chicago-based Spencer Stuart was tasked with finding suitable candidates but it now appears that Longo is poised to be the full-time appointment to lead Formula E in the future.
E-racing365 understands that the possibility of having an additional resource in a parallel role to Longo has also been considered to form a two-pronged structure centered around the multi-faceted role.
Longo has the backing of the majority of Formula E team principals and a good percentage of the permanent Formula E management structure.
The Spaniard, who has been based in the UK for several years, has two existing directorships with Formula E companies based in the UK.
These are Formula E Race Operations Ltd. and Formula E OPCO 2 Ltd. The holding company Formula E Holdings Ltd., which is based in Hong Kong, also features his corporate footprint.
Jaguar Racing director James Barclay, who also chairs the Formula E Teams and Manufacturers Association, believes that Longo would be a popular choice among the entrants in the championship.
“We will have to wait and see but if you asked me now, Alberto would be a popular choice with a number of teams,” Barclay told e-racing365.
“Ultimately we are sure that the shareholders will decide on what it best for the championship in the long term.”