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Ron Dennis Forced To Quit McLaren CEO Position

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8 years ago

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Today marks the end of a 36-year period of time for the CEO of McLaren Automotive group. Ron Dennis has been forced to quit his position as acting CEO of McLaren.
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Ron has been involved in the automotive racing powerhouse for three decades and saw 10 driver championships won . The reason for the resignation is a disagreement and clash between the three shareholders of the racing team.
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Ron held 25 percent ownership in the Formula 1 team, 25 percent was also owned by former business associate Mansour Ojjeh. Ron and Mansour had a falling out many years ago where Ojjeh went to a Bahraini investment fund Mumtalakat to hold the remaining 50 percent stake. The two shareholders have come to terminating Dennis as of today from McLaren.
Source: BBC
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