The McLaren Group have announced that Ron Dennis no longer holds the position of Chief Executive Officer of McLaren Technology Group (or its subsidiaries). The change was made on 15 November, leading the company into a search for a new CEO.
"Over the past 35 years Ron’s contribution to the success of McLaren has been colossal", the statement reads.
"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."
Dennis however remains a shareholder and a director of McLaren Technology Group. 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.