Friday, 30 June 2017

Ron Dennis ends 37-year association with McLaren by selling shares



Ron Dennis has formally ended his role at McLaren, the company he made into one of the most successful Formula 1 teams of all time.

 
Dennis, ousted as chief executive officer last November in a boardroom coup, has sold his 25% shareholding.


The 70-year-old has also resigned from his position on the board.
Dennis has sold to the two main shareholders - Mumtalakat, the Bahrain sovereign investment fund, and Mansour Ojjeh.


It was the souring of Dennis' relationship with Ojjeh that led to his removal.


The two were long-time friends and business partners but fell out for both personal and business reasons a few years ago.




BBC    News.