McLaren Technology Group announcement
As of this afternoon Ron Dennis no longer holds the position of Chief Executive Officer of McLaren Technology Group (or its subsidiaries). However, he remains a shareholder and a director of McLaren Technology Group.
Over the past 35 years Ron’s contribution to the success of McLaren has been colossal. During his tenure the team won 17 World Championships and 158 Grands Prix, making him the most successful leader in Formula 1 history. Like the company’s founder, Bruce McLaren, Ron is and will always be one of the true greats of the sport.
McLaren Technology Group is now in the process of seeking a new Chief Executive Officer. Until such an appointment has been made, the company will be run on an interim basis by an Executive Committee comprising the Group’s majority shareholders, in close collaboration with the Board of Directors and the senior management team, all of whom remain utterly committed to the company, its partners, its employees and its fans, and share a passionate determination to build on our many strengths towards future prosperity.
The McLaren.com article ‘McLaren Technology Group announcement’, published above (on November 15th), imparted the factually correct information that Mr Dennis no longer undertakes the executive function of Chief Executive Officer as is implied by the title. In so doing, the article was mindful not to risk misleading the public to the effect that Mr Dennis may currently be undertaking any executive duties as would normally be the position of the Chief Executive Officer. However, it should be noted that whilst Mr Dennis has relinquished his duties as Chief Executive Officer he remains CEO whilst he is on garden leave.