Following approval from the FIA for Liberty to complete its takeover, Ecclestone admitted he did not know if he would remain in place to look after the commercial side of the sport, but on Monday he told Auto Motor und Sport that he was out, effective immediately.
Chase Carey, who was already installed as the sport's chairman, replaces Ecclestone as CEO. This week, the sale of the F1's commercial rights to the USA company Liberty Media was approved by FIA.
'I was deposed today. This is official. I no longer run the company. "My new role is one of those American terms. A kind of honorary president", he said.
Carey is Liberty's newly appointed F1 chairman.
However, the BBC claim Liberty want to revamp the sport and are ready to ease the 86-year-old aside in order to do so.
F1 engineering legend Ross Brawn - a mastermind of championship-winning cars at Benetton, Ferrari and Brawn GP during his career - is expected to take up a new position as a sporting director, while former ESPN executive Sean Bratches has been linked with a commercial director's position. At the time, it was unclear whether Ecclestone would still play a role in the management of the sport.
Confirming their acquisition of "100 per cent of the shares of F1", Liberty Media revealed: "the transaction price represents an enterprise value for F1 of $8billion and an equity value of $4.4billion".
Ecclestone said he still expects to appear at grands prix in an unofficial capacity.
"Bernie Ecclestone did a great job, but I think Liberty Media can bring something extra".
"I'm proud of the business that I built over the last 40 years and all that I have achieved with Formula One", Ecclestone said in the statement.
After a pause between storms, a second round of severe weather should be expected Saturday night into early Sunday morning. This wil renew the severe weather risks of individual tornado development and damaging wind gusts through Sunday morning.
Students who had been cowering beneath desks and chairs then fled the classroom, stepping over the shooter to reach the door. Mexico had once had a program that checked book bags at school entrances, but in many places it has fallen into disuse.
Prime Minister Viktor Orban said: "With my prayers, I am with the families and friends shocked by the tragedy". The teenagers all came from a secondary school in the Hungarian capital of Budapest, Szijjarto told reporters.
Israel tested that theory Sunday when Jerusalem city officials approved building permits for 566 new homes in east Jerusalem. Conversely, Mr Trump has challenged the idea that halting settlement expansion is a prerequisite for peace negotiations.
The automatic transmission now offered for the 2018 Ford Mustang is a new 10-speed tuned to the Mustang's performance needs. Owners can also use a dedicated smartphone application called FordPass to start, lock, unlock, and locate their vehicle .
It will be a free download initially offering three stages, with a single in-app purchase to unlock the rest of the levels. Instead, you can check out our Super Mario Run preview and bone up on Super Mario Run tips and tricks while you wait.
As she has resigned from her post at Trump Organization , the future plans of Ivanka Trump have not yet been disclosed. But Donald Trump's eldest daughter said those speculations were "an inappropriate observation".
Washington has accused the Kremlin of trying to influence the United States election in November using cyberattacks. Trump's policy toward Russian Federation is unclear, "we are hoping that reason will prevail".
Ten-man Arsenal win thriller with last-gasp penalty
But Chelsea will go eight points clear of their London rivals if they beat relegation-threatened Hull in Sunday's late match. Arsenal didn't make it easy on themselves this afternoon, but Burnley deserves plenty of credit for their effort.
Diplomats Arrive in Astana for Syria Peace Talks
Peace negotiations sponsored by Russian Federation and Turkey are being held to end six-year long civil war in the country. Khamis said his government welcomes any initiative that could be conducive in restoring peace and security to Syria.
Giving Back: Girl Scouts of America
Locally, the Girl Scouts of the Black Diamond Council serve the Huntington and Charleston communities. Local troops have used their proceeds for community service projects and educational trips.