Ron Dennis removed as head of McLaren by shareholders - An acrimonious split takes place at Woking
Published by Christine
Ron Dennis has been in charge of the McLaren Group for over three decades, but his position as boss of the successful sporting organisation came to an abrupt end this week. Dennis owns 25% of McLaren, but the other 75% is owned by a Bahrain investment group and businessman Mansour Ojjeh – both of whom have decided that Dennis’ tenure at the top is over due to a lack of confidence in his style of leadership.
Ron says: “I’m disappointed that the other main shareholders in McLaren have forced through this decision to place me on gardening leave, despite the strong warnings from the rest of the management team about the potential consequences of their actions on the business. The grounds they have stated are entirely spurious – 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 1 world championships and grown into an £850 million a year business.”
At 69 years old, Ron may have been starting to think about retirement, but now it’s been forced upon him, it doesn’t look like he’s going to go quietly.
