Ron Dennis has returned at the helm of McLaren Group by taking up the role of Group Chief Executive Officer with the aim of improving the team's on-track performances.
Dennis will combine the CEO role with his position as Chairman and says he will carry out a thorough review of the company's businesses to help McLaren "win at whatever we do".
The company's statement remains silent of the role of Martin Whitmarsh who has been the team principal since 2009 and also acted as CEO since 2012.
"My fellow shareholders have mandated me to write an exciting new chapter in the story of McLaren, beginning by improving our on-track and off-track performance," Dennis said.
"Over the coming weeks I intend to undertake a thorough and objective review of each of our businesses with the intention of optimising every aspect of our existing operations, whilst identifying new areas of growth that capitalise on our technologies, and where appropriate further investing in them.
"During February, I will articulate a new Group strategy and implement the organisational structure best suited to achieving it. I am excited by the prospect of returning to the role of Group Chief Executive Officer and working with my many colleagues and fellow shareholders to fulfil our objective - which is to win at whatever we do."