Two FIA legal chiefs, Governance and Regulatory Director Pierre Ketterer and Head of Commercial Legal Affairs Edward Floydd, who played significant roles in negotiating Formula 1’s Concorde Agreement, are leaving the organization, with Ketterer moving to the International Olympic Committee.
‣ Two FIA legal chiefs, Governance and Regulatory Director Pierre Ketterer and Head of Commercial Legal Affairs Edward Floydd, have decided to leave the organisation, both having played significant roles in negotiating Formula 1’s Concorde Agreement.
‣ Pierre Ketterer, who has been with the FIA since 2010, will join the International Olympic Committee in April. He has been a key figure in FIA’s legal dealings, including disciplinary cases and compliance issues, and led the negotiations for the current Concorde Agreement under former FIA president Jean Todt.
‣ Edward Floydd served as the FIA’s chief civil and commercial legal adviser and played a crucial role in legal negotiations and advice on agreements with championship promoters, including the Concorde Agreement talks.
‣ The departure of Ketterer and Floydd is part of a broader trend of top executives leaving the FIA, which has been undergoing a significant transformation, including the creation of 10 new departments to restructure the Federation for the future.
So, big news hit the FIA recently. Two of their top legal minds are packing up and heading out. That’s right, Pierre Ketterer and Edward Floydd are saying their goodbyes. They weren’t just any team members, either. These guys were in the thick of it, hammering out the details of the Formula 1 Concorde Agreement.
### A Shift in the Legal Team
Now, let’s talk about Ketterer for a sec. He’s off to a new adventure with the International Olympic Committee come April. Since 2010, he’s been a major player at the FIA. You know, the kind of guy who’s involved in pretty much everything important. Disciplinary cases? Check. Compliance issues? Double-check. Under Jean Todt’s watch, he was the brains behind the Concorde Agreement negotiations. Oh, and let’s not forget the FIA’s judicial and disciplinary rules he whipped up in 2011. Plus, he played a crucial role during the pandemic, ensuring F1 could safely hit the track again in 2020.
Then there’s Floydd. The man behind the legal curtain, dealing with all things civil and commercial. He was the go-to for championship promoters, lending his expertise to the Concorde discussions. But, like all good things, his time at the FIA is coming to an end.
### Times, They Are A-Changin’
It seems like the FIA’s been on a bit of a rollercoaster lately. Floydd and Ketterer’s exits are just the latest in a series of high-profile departures. But it’s not all doom and gloom. The organization’s been shaking things up, undergoing a massive transformation over the last year. They’ve launched 10 new departments, aiming to streamline operations and gear up for the future. At least, that’s what a spokesperson dished out to Motorsport.com.
So, what’s next for the FIA? Only time will tell. But one thing’s for sure – it’s an end of an era for Ketterer and Floydd, and the beginning of a new chapter for the federation.