F1 »

McLaren headed by executive committee until new CEO found

McLaren has outlined its head management structure after the departure of Ron Dennis as chairman and CEO.
McLaren has outlined its head management structure after the departure of Ron Dennis as chairman and CEO.

Dennis confirmed he has been placed on gardening leave for the remainder of his current contract which expires in January and has stepped down as chairman and CEO but remains a shareholder and director of the McLaren Technology Group as he keeps hold of his 25% share.

READ: Ron Dennis steps down as McLaren chairman

Looking to temper speculation on who will replace Dennis at McLaren, with Liberty Media's Zak Brown being rumoured with his new links to F1, the Woking-based team has released a statement explaining its current management organisation and its future plans.

McLaren confirmed it is currently seeking a new CEO and during the current interim term the company will be run by an executive committee.

It will consist of the group's majority shareholders in partnership with the Board of Directors – potentially containing Dennis – and other senior management members.

LAST WEEK: Dennis set to be ousted from McLaren over takeover bid

The British team also stressed to explain Dennis has relinquished his duties as Chairman and CEO but will remain as CEO until the end of his contact tenure.

Dennis has been at the helm of McLaren for over 35 years but last week a High Court injunction was rejected which aimed to prevent him being ousted from his role that signalled the end of his control at the company.

Dennis has confirmed while remaining a key shareholder he will look to move on in 2017 to set up a new technology investment fund.

The 69-year-old guided McLaren to 12 F1 drivers' titles and eight constructors' titles but the team hasn't won a race since the 2012 Brazilian Grand Prix and its most recent collaboration with engine supplier Honda has struggled to yield results.

McLaren currently sit sixth in the F1 world constructors' championship having improved upon its worst-ever season in the sport in 2015 when it finished ninth and recorded just six top ten finishes between its two drivers Jenson Button and Fernando Alonso.

Latest Tweets from Crash.net & GPF1rst

by Haydn Cobb


Tagged as: Mclaren , Dennis

Related Pictures

Click on relevant pic to enlarge
McLaren Honda logo. 01.02.2015.
Lando Norris, McLaren Autosport BRDC Awards [Credit: Martyn Pass PR]
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Marcus Ericsson (SUE) Sauber C34 and Fernando Alonso (ESP) McLaren Honda MP4-31
27.11.2016 - Race, Jolyon Palmer (GBR) Renault Sport F1 Team RS16 and Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Start of the race, Fernando Alonso (ESP) McLaren Honda MP4-31 off trach and Max Verstappen (NED) Red Bull Racing RB12 spins
27.11.2016 - Race, Fernando Alonso (ESP) McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Felipe Massa (BRA) Williams FW38 and Fernando Alonso (ESP) McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31 and his girlfriend Brittny Ward (USA)
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31 and his girlfriend Brittny Ward (USA)
27.11.2016 - Race, Fernando Alonso (ESP) McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Jolyon Palmer (GBR) Renault Sport F1 Team RS16 leads Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Start of the race, Fernando Alonso (ESP) McLaren Honda MP4-31 and Valtteri Bottas (FIN) Williams FW38

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


mrfill

November 16, 2016 1:10 PM

SkidCarrera: Sounds like a big fat mess. Nothing good was ever created by a committee.
Come on not just a committee, this is an Executive committee **Oohs and Ahhs from audience ** We can expect a proper Executive mess... :)



© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.