McLaren Automotive, the supercar division of McLaren Group, has been with out a CEO since final October, when Mike Flewitt, who had led the corporate since 2013, stepped down.
McLaren Group is on the seek for a brand new CEO for its supercar division and Bloomberg, citing folks aware of the matter, reported on Tuesday that Michael Leiters is among the many candidates.
Leiters served as Ferrari’s chief engineer since 2014, although left the corporate final December. Previous to his function at Ferrari, he was a senior engineer at Porsche, the place he oversaw quite a lot of the automaker’s early work with hybrid expertise.
At present serving as CEO of McLaren Automotive in an interim place is Michael Macht. He is a non-executive director at McLaren Group however was the CEO of Porsche from 2009 to 2010.
McLaren Automotive is essentially the most profitable arm of McLaren Group, which additionally consists of the McLaren Components One crew. Nonetheless, the division was hit notably laborious by the pandemic and is but to totally get better. It needed to shed staff, and its McLaren Group mum or dad needed to promote and lease again its headquarters, promote a stake within the F1 crew, and promote the McLaren Utilized expertise enterprise. McLaren Group additionally wanted extra funding from predominant shareholder Bahrain and new shareholder Saudi Arabia.
The seek for the brand new CEO at McLaren Automotive comes at a time when there are experiences of a doable takeover of McLaren Group by Audi as an avenue for it to enter F1, presumably by 2026 when a brand new energy unit is because of be launched.