Ron Dennis could be leaving Mclaren role
Ron Dennis is set to leave his role as chairman and Chief Executive Officer of Mclaren at the end of the year.
MN’S sister title Autosport reported last week that Dennis will not have his current contract, which expires at the end of this season, renewed.
The move would bring an end to Dennis’s association with the Woking firm, which stretches back to 1980, and leave the role of CEO of Mclaren Technology Group open. MTG comprises Mclaren Racing, Marketing and Applied Technologies.
Dennis returned to head up Mclaren in 2014 and he had planned to buy out a controlling stake from both Bahraini sovereign wealth fund Mumtalakat and long-term business partner Mansour Ojjeh. It is understood that the deadlines set to raise the capital to do so have not been met.
A Mclaren statement during the Austin GP weekend said that Dennis “will not be stepping down”.
Possible successors to Dennis would be former Mclaren boss Martin Whitmarsh, stakeholder Ross Brawn or ex-sainsbury’s head Justin King.