Ron Dennis sells his stake in McLaren

Ron Dennis will sell his shares in McLaren Automotive and McLaren Technology Group and step down as chairman. The new McLaren Group will bring together the two entities under the chairmanship of Sheikh Mohammed bin Essa Al Khalifa.

Published on 30/06/2017 à 11:56

Pierre Tassel

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Ron Dennis sells his stake in McLaren

It's the end of an era Woking. McLaren confirmed this Friday morning that Ron Dennis, who retained shares in the two entities McLaren Automotive and Technology Group after being stepped down at the end of 2016, while remaining the president of the structures, was going to sell his shares and leave his functions.

Ron Dennis, 70 years old since June 1, will have spent 37 years with McLaren, after the merger between his Project Four team and Team McLaren in 1980 to form McLaren International. Dennis subsequently took the British team to the top of the F1, with seven Manufacturers' titles and ten Drivers' titles (from Niki Lauda in 1984 to Lewis Hamilton in 2008, through the domination ofAlain Prost and Ayrton Senna in the late 80s).

« I am very happy to have reached an agreement with my partners at McLaren, says Ron Dennis. This represents a fitting end and will allow me to focus on my other interests.

">I will continue to serve as a consultant to various companies and work with the UK Ministry of Defense's Innovation Advisory Committee to help improve the technology, culture and organizations that safeguard the UK's national security. United.

I will also continue to manage the Dreamchasing Foundation, which supports and provides funding to children and young people from all backgrounds, so that they succeed in their career dreams. It workedexecutive director of McLaren Technology Group.

« McLaren is unique because of its heritage and passion to be the best in everything it does, but also because no other company in the world can claim a corporate structure that embraces automobiles, motorsport and applied technologies, emphasizes Sheikh Mohammed bin Essa Al Khalifa. It is clear that as a group, each of these three pillars of our business will support and strengthen the other two. »

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