McLaren to be run by committee until Ron Dennis replacement found
Team describe Dennis' contribution to success as "colossal"
By William Esler
Last Updated: 21/11/16 3:09pm
McLaren Technology Group, the arm of the company responsible for the F1 team, will be run by an executive committee until a replacement for Ron Dennis is appointed, the company has said in a statement.
Dennis relinquished his role as Chairman and Chief Executive Officer on Tuesday following a board meeting at the Woking team.
McLaren described Dennis' contribution to the team as "colossal" and said he "will always be one of the true greats of the sport".
Sources have told Sky Sports News HQ's Craig Slater that Dennis "has taken it pretty badly" and that he "feels betrayed by his own family."
McLaren statement in full:
'As of this afternoon [Tuesday] Ron Dennis no longer holds the position of Chief Executive Officer of McLaren Technology Group (or its subsidiaries). However, he remains a shareholder and a director of McLaren Technology Group.
'Over the past 35 years Ron's contribution to the success of McLaren has been colossal. During his tenure the team won 17 World Championships and 158 Grands Prix, making him the most successful leader in Formula 1 history. Like the company's founder, Bruce McLaren, Ron is and will always be one of the true greats of the sport.
'McLaren Technology Group is now in the process of seeking a new Chief Executive Officer. Until such an appointment has been made, the company will be run on an interim basis by an Executive Committee comprising the Group's majority shareholders, in close collaboration with the Board of Directors and the senior management team, all of whom remain utterly committed to the company, its partners, its employees and its fans, and share a passionate determination to build on our many strengths towards future prosperity.'