Ron Dennis Forced To Step Down At McLaren

RON DENNIS FORCED TO STEP DOWN AT McLAREN

    Ron Dennis has been forced to step down from his role as Chairman and Chief Executive of the McLaren Technology Group. Dennis has said the grounds of the decision to place him on “gardening leave” are “entirely spurious”.

    Dennis, who has been a part of McLaren for more than thirty five years, but has been forced into gardening leave after a majority decision by the shareholders of the McLaren Technology Group. He will remain on the board and a significant shareholder of the group, and McLaren Automotive Limited, before launching a new technology investment fund next year.

    He says he is disappointed about this decision, and says there have been “strong warnings” from the technology group management about the consequences.

    “The grounds they [the shareholders] have stated are entirely spurious,” he said. “My management style is the same as it has always been and is one that has enabled McLaren to become an automotive and technology group that has won 20 Formula One world championships and grown into an £850 million a year business.”

    Dennis has added that TAG and Mumtalakat do not share his “vision” for McLaren.

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Article Written By: Bethonie Waring

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