McLaren Group announced that Ron Dennis CBE, Chairman of McLaren Group, has been appointed to the additional role of Group Chief Executive Officer of McLaren Group, with immediate effect. Mr Dennis, a shareholder of McLaren since 1980 and the architect of its modern era, was the CEO of the Group from 1982 to 2012 and the Team Principal of the McLaren Formula 1 racing team from 1982 to 2009 before becoming Chairman of the Group in 2013.

Following his appointment, Mr Dennis said, 'My fellow shareholders have mandated me to write an exciting new chapter in the story of McLaren, beginning by improving our on-track and off-track performance. Over the coming weeks I intend to undertake a thorough and objective review of each of our businesses with the intention of optimising every aspect of our existing operations, whilst identifying new areas of growth that capitalise on our technologies, and where appropriate further investing in them. During February, I will articulate a new Group strategy and implement the organisational structure best suited to achieving it. I am excited by the prospect of returning to the role of Group Chief Executive Officer and working with my many colleagues and fellow shareholders to fulfil our objective – which is to win at whatever we do.'

Mr Dennis will remain Chairman of McLaren Automotive, the marque's successful high-performance road car company.