McLaren Automotive, the supercar division of McLaren Group, has been with no CEO since final October, when Mike Flewitt, who had led the corporate since 2013, stepped down.
That scenario modifications on July 1 when Michael Leiters takes over as CEO of the supercar division, McLaren Group introduced on Wednesday.
Leiters, 50, has an engineering background and in his final function served as chief expertise officer at Ferrari, a job he stepped down from final December. Previous to becoming a member of Ferrari, he was a senior engineer at Porsche, the place he oversaw numerous the automaker’s early work with hybrid expertise.
McLaren Automotive has a 3,000-strong workforce spanning its world operations, together with the headquarters at most important plant in Woking, U.Ok., and the carbon-fiber manufacturing facility in Sheffield, U.Ok. Following the departure of Flewitt, the corporate has been run within the interim by Michael Macht. He is a non-executive director at McLaren Group and by the way 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 significantly onerous by the pandemic and is but to completely get well. It needed to shed employees, 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 further funding from most important shareholder Bahrain and new shareholder Saudi Arabia.
The appointment of a brand new CEO at McLaren Automotive comes at a time when there are stories 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.