Jean Todt is still pondering the prospect of holding a third mandate at the head of the FIA.
The former Ferrari boss picked up the baton from Max Mosley in 2010 to lead the governing body of Formula 1, and then secured a second term four-year at the helm in 2014.
Todt's distinctive low-profile style has been in sharp contrast to his predecessor's hands-on approach to affairs in general and Formula 1 in particular.
In an interview with the FIA's Auto magazine, Todt admitted he had not yet reached a formal decision on whether to stand for re-election
"I have begun to work with my team and our members to make my decision and this will allow me to announce that choice very quickly.
"Of course, with a democratic organisation I could have a competitor who beats me. But clearly it's a goal that should be addressed in motor sport, whoever is the leader, to try to bring costs down."
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