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Is Ron Dennis set to retire as McLaren chairman and CEO?
©WRI2 Ron Dennis's contract as chairman and CEO of the McLaren Group will not be renewed upon expiry at the end of this year, according Autosport.com. The 69-year-old manager, who acquired the McLaren F1 team in 1980, has enjoyed a 38-year spell at the helm of McLaren and overseen its development and diversification into several sectors of the the automotive industry. Power struggles within the British company have emerged in the last couple of years with Dennis - a 25% shareholder of the McLaren Group - attempting to take full control of the company through a buy-out of fellow shareholders, Bahrani sovereign wealth fund Mumtalakat (a 50% shareholder) and long-time friend and associate...
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