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F1: Jost Capito Exits McLaren

McLaren are set to part company with their new Formula 1 boss Jost Capito less than four months after the German joined the company; the 58-year-old started in his role as chief executive officer of McLaren Racing in September, having been recruited by chairman Ron Dennis.

When asked about this situation, a spokesman said: "I'm not going to talk about that." The move follows the recruitment in November of leading F1 commercial expert Zak Brown as McLaren's new executive director. Brown and chief operating officer Jonathan Neale have been tasked with running the McLaren Group on a day-to-day basis. In a separate development, long-time McLaren marketing chief Ekrem Sami has had his position as a director of the McLaren Group terminated.

 

Dennis technically remains chairman and chief executive pending the end of his contract next month but no longer has an active role running the company. He is also a 25% shareholder in McLaren Group. In Dennis' place, the company is being run by an executive committee formed by the other main shareholders - the Bahrain sovereign investment fund Mumtalakat, which owns 50%, and TAG's Mansour Ojjeh, who owns 25%.

 

Once Capito's departure is formalised, the most senior person at McLaren's F1 team will be racing director Eric Boullier, who was brought in at the start of the 2014 season after Dennis ousted his former friend and protege Martin Whitmarsh from the positions of McLaren team principal and chief executive officer of McLaren Group.

Photo Credit: 
skysports.com

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