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McLaren in search for new chief executive
McLaren have started their search for a new chief executive officer following the departure of long-standing boss Ron Dennis earlier this week. Dennis, who took over McLaren in 1980 before spearheading the British team to a number of Formula One world championships, has been forced out by his fellow shareholders following a bitter boardroom battle. Dennis holds a 25 per cent stake in the McLaren Technology Group, but there has been rising tension with his Saudi-born business partner Mansour Ojjeh, who also holds 25 per cent of the business, with the remaining 50 per cent in the hands of Bahrain sovereign wealth fund Mumtalakat. Following lengthy discussions on Tuesday, Dennis was placed on...
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8y ago from GrandPrix247.com
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