McLaren’s second largest shareholder Mansour Ojjeh has not resigned from his directorial role of the McLaren Group, contrary to the reports in the media.
A report in a leading UK based publication carried a story regarding Ojjeh’s resignation from one of the subsidiary companies to the McLaren Group. However, Formula Rapida has learnt from its sources that nothing has changed with regards to its Formula 1 team.
It is understood that as per an internal simplification process, the subsidiary companies board will be solely formed by the executive directors and it is being done without having any effect on their respective roles with the parent company.
As things stand, Ojjeh remains the director of McLaren Group, a member of its Executive Committee and also its second-largest shareholder. There is no change in his role in the day-to-day activities and doesn’t affects the F1 team in any way, it is gathered.
The team’s CEO Zak Brown stressed on the simplified structure while announcing the changes with the McLaren F1’s team early in July which saw Gil de Ferran coming on board as Sporting Director, while Andrea Stella and Simon Roberts expanding their existing roles.
With the summer break on, McLarem sits seventh in a tight constructors’ battle with Renault, Haas and Force India for fourth with 52 points. Looking at 2019, it is yet to confirm its line-up with contracts of both Fernando Alonso & Stoffel Vandoorne up in the air.