McLaren chief Ron Dennis holds many titles within McLaren, including chairman and CEO of McLaren Group. But a lot of people also call him the godfather of McLaren, a status afforded to him for the role he played in turning the McLaren Group into the global automotive, racing, and tech giant that it is today. He is, in a lot ways, the founding father of McLaren. However, reports suggest Dennis will leave his role as chairman and CEO of McLaren Group at the end of the year.
A report from Autosport revealed that Dennis’ contract with the company will not be renewed once it ends at the end of the year. No official reason was given on why Dennis will step down from his roles, but a number of scenarios have turned up, including Dennis’ failure to acquire full controlling shares in the group after discussions to purchase 50 percent of the group from the Bahraini sovereign wealth fund Mumtalakat and another 25 percent from his business partner Mansour Ojjeh fizzled out because he couldn’t raise enough capital by the imposed deadline. Another reason that’s reportedly being attributed to Dennis’ exit is the continued struggles of McLaren’s Formula One team, which has failed to win either a driver’s title since 2008 and a constructors’ title since 1998.
For its part, a McLaren spokesperson has responded to Autosport’s inquiries about the situation, saying that, “In response to your question, Ron Dennis responded by stating categorically that he is not stepping down.”
In the event Dennis does step down, his departure from the McLaren Group will leave a gaping hole in the company. Jonathan Neale has been mentioned as a likely successor to Dennis. Neale is the current chief operating officer the McLaren Technology Group, which is made up of McLaren Racing, McLaren Marketing, and McLaren Applied Technologies.
McLaren Automotive, the road car division that we’re all very familiar with, is a separate entity from the McLaren Technology Group, so its own leadership will not be affected in the event Ron Dennis does call it a career.
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