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McLaren deny Ojjeh resignation

09:13, 07 Aug 2018

byBobby Vincent

McLaren deny that Mansour Ojjeh has resigned from the team following reports yesterday that the long-time shareholder has left the team.

The Independent reported yesterday that shareholder Mansour Ojjeh has resigned from McLaren.

The article has since been deleted as McLaren said it was "entirely misleading".

"The story in the UK's Independent by Christian Sylt is entirely misleading," a McLaren statement read.

"Mansour Ojjeh has not left the business and remains a director of McLaren Group, the second largest shareholder and a fully involved member of the Executive Committee of McLaren."

McLaren also said that they are "in the process of simplifying our corporate structure following the reorginasation of the group last year.

"An important part of this has been the decision of the McLaren Group to populate its operating subsidiary company boards with purely executive directors, rather than some non-executives, hence the various resignations. Mansour is simply one of those non-executive directors.

"However, the executive directors that have all decided to resignf from the subsidiary company of the parent company, McLaren Group Limited.

"Nothing in practice has changed other than a decision that makes for a more efficient and practical process."