• Apr 22, 2010
Fiat and Ferrari aren't the only ones undergoing a comprehensive restructuring as longtime rival (both on and off the track) McLaren has announced a major reorganization of its operations and several management changes.

The biggest shift for McLaren is the split between McLaren Automotive (which will produce the new MP4-12C supercar) and the McLaren Group (which operates the racing team). The roadcar unit is being split off into its own operation, based out of the McLaren Production Centre, which shares its grounds with the McLaren Technology Centre next door.

The two companies will now report to two separate boards, which will in turn be accountable to separate shareholders. But to keep things sufficiently confusing for the rest of us, most of the key players – including executive chairman Ron Dennis, team principal Martin Whitmarsh, CFO Andy Myers, incoming legal counsel Tim Mumane and shareholders Mansour Ojjeh and Sheikh Mohammed Bin Essa al-Khalifa – will continue to serve on the boards for both companies. Richard Lapthorne, who was until now serving as non-executive chairman of the single unit before the split, will be leaving the company. Details in the press release after the jump.

[Source: McLaren]
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Management restructure at McLaren Group and McLaren Automotive

Media Information
20 April 2010
MTC, Woking, England

Following the recent spin-off of McLaren Automotive from McLaren Group, the following management restructure will come into operation with immediate effect.

Ron Dennis CBE will resume his role of Executive Chairman of McLaren Group and will continue in his role of Executive Chairman of McLaren Automotive.

Martin Whitmarsh has been appointed to two new roles: Chief Executive Officer of McLaren Group and Deputy Chairman of McLaren Automotive. He will also continue in his role of Team Principal of Vodafone McLaren Mercedes.

Also reporting to Ron Dennis will be Tim Murnane (Group Legal Director & Company Secretary, McLaren Group) and Andy Myers (Group Chief Financial Officer, McLaren Group).

Each of the McLaren Group companies' Managing Directors will continue in their roles, as follows:

Jonathan Neale (McLaren Racing)

Ekrem Sami (McLaren Marketing)

Dr Peter van Manen (McLaren Electronic Systems)

Dr Geoff McGrath (McLaren Applied Technologies)

Lyndy Redding (Absolute Taste)

Antony Sheriff will continue in his role of Managing Director of McLaren Automotive.

Sir Richard Lapthorne has resigned his Non-Executive Chairmanship of McLaren Group and role as a consultant to McLaren Automotive.

Ron Dennis said:

"Following the spin-off of McLaren Automotive from McLaren Group, I'm delighted to announce this management restructure.

"The two companies will have separate shareholdings, and will continue to be headquartered in Woking, Surrey [UK]. McLaren Group will be based at the existing McLaren Technology Centre [MTC], while McLaren Automotive will be based at the brand-new McLaren Production Centre [MPC] which is now being constructed alongside the MTC.

"I have enormous confidence in the senior management teams of both McLaren Group and McLaren Automotive, and am pleased that both companies will be extremely well served by those senior management teams, now and going forward into the future.

"Finally, I would like to pay tribute to Sir Richard Lapthorne for his work over the past year. His knowledge and experience have been very beneficial to the senior management teams of both McLaren Group and McLaren Automotive. For that reason, as Executive Chairman of McLaren Group and McLaren Automotive and also personally, I would like to take this opportunity to thank Sir Richard for his wise counsel and wish him well for the future, personally as well as professionally."

Editors' note:
The two companies' boards are therefore now as follows:

McLaren Group
Ron Dennis (Executive Chairman)
Mansour Ojjeh (TAG Group Holdings)
Sheikh Mohammed Bin Essa Al-Khalifa (Bahraini Mumtalakat Holding Company)
Talal Ali Al-Zain (Bahraini Mumtalakat Holding Company)
Martin Whitmarsh (Chief Executive Officer)
Tim Murnane (Group Legal Director & Company Secretary)
Andy Myers (Group Chief Financial Officer)
Ekrem Sami (Managing Director, McLaren Marketing)

McLaren Automotive
Ron Dennis (Executive Chairman)
Mansour Ojjeh (TAG Group Holdings)
Sheikh Mohammed Bin Essa Al-Khalifa (Bahraini Mumtalakat Holding Company)
Talal Ali Al-Zain (Bahraini Mumtalakat Holding Company)
Martin Whitmarsh (Deputy Chairman)
Tim Murnane (Group Legal Director & Company Secretary)
Andy Myers (Group Chief Financial Officer)
Antony Sheriff (Managing Director)


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