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Ron Dennis to step down as McLaren chairman and CEO?
It's claimed that Ron Dennis is to step down as chairman and CEO of the McLaren Group at the end of the year. The claim follows an unsuccessful bid to raise the necessary funding to buy out Mansour Ojjeh and the Bahraini sovereign wealth fund Mumtalakat which own 25% and 50% of McLaren Group, Dennis holding the remaining 25%. While the road car division, McLaren Automotive, would not be affected, if it happens the move, which would see Dennis end a 35-year involvement in an F1 team which has won ten drivers' titles and seven constructors' titles, leave the role of CEO of the group which includes McLaren Racing, McLaren Marketing and McLaren Applied Technologies. However, contacted by...
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8y ago from Pitpass.com
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