Formula 1 has confirmed Sean Bratches will resign from his role of Managing Director of Commercial Operations at t♏he end of the month.

Bratches joined F1 as its ne༺w commercial chief following Liberty Media’s acquisition of the sport back in January 2017, heading up its business interests and exploring new ventures such as the Netflix documentary series and the Extreme Innovation education programme with MIT.

Bratc💦hes had been lon♊g-rumoured to be considering stepping down from the role to spend more time with his family in the United States, with his departure being confirmed in a statement by F1 on Monday.

“After three years in the role, Sean has decided𝕴 to return to the United States to be closer to his family and begin his next chapter,” the statement from F1 reads.

“🐎Following Sean’s departure, the majority of his direct reports will report into Chase 🙈Carey, Chairman and CEO, Formula 1.”

Bratches “will c⭕ontinue to support the business in an advisory role from the United States”.

“The past three years at Formula 1 have been an incredible journey, one which I have ♒enjoyedꦬ thoroughly,” said Bratches.

“I want to p🐽ersonally thank the team at F1 for their extraordinary efforts and dedication, they are the best of the best and I am confident they will continue to serve fans and deliver on the strategy we have set in the years ahead.

“I am proud that I leave Formula 1 in a betteꦑr position than when I joined in 2017 and I know that the foundation we have pu🦩t in place as a team will continue to serve our fans around the world and reach new audiences.”

Carey added: “I want to thank Sean on behalf of everyone at Formula 1 for the leadership, passion and expertise he has given to the business 💎over the past three years. Sean has transformed the commercial side of Formula 1 and a testament to his work is shown in our momentum and growth as a business.

“I am pleased Sean will continue to be an advisor for us from his home in the US, he will always be part of the Formula 1 family and I look forward to his ongo༒ing advice and counsel. I wish him all the best in his new endeavours.”