Ron Dennis has returned to the role of CEO of the McLaren Group, a job he held from 1982 to 2012, replacing Martin Whitmarsh.
More recently Dennis has been chairman, and he will also retain that title.
Last year there were rumours that Dennis would have more of a hands-on role again as McLaren tried to get its racing programme back on track, and inevitably questions are now being asked about the future of F1 team principal Whitmarsh.
Explaining his role Dennis said: “My fellow shareholders have mandated me to write an exciting new chapter in the story of McLaren, beginning by improving our on-track and off-track performance. Over the coming weeks I intend to undertake a thorough and objective review of each of our businesses with the intention of optimising every aspect of our existing operations, whilst identifying new areas of growth that capitalise on our technologies, and where appropriate further investing in them.
“During February, I will articulate a new Group strategy and implement the organisational structure best suited to achieving it. I am excited by the prospect of returning to the role of Group Chief Executive Officer and working with my many colleagues and fellow shareholders to fulfil our objective – which is to win at whatever we do.”