McLaren Technology Group
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|
| Private | |
| Industry | Automotive |
| Founded | 1985 |
| Founder | Ron Dennis |
| Headquarters |
McLaren Technology Centre Woking, Surrey, United Kingdom |
|
Key people
|
Zak Brown (Group Executive Director) Jonathan Neale (Group COO) John Allert (Group Brand Director) Andy Myers (Group CFO) Mike Flewitt (CEO, McLaren Automotive) Ian Rhodes (CEO, McLaren Applied Technologies) |
| Revenue |
 GB£475 million (2015)
|
|
GB£22.5 million (2013)
|
|
|
GB£20.8 million (2015)
|
|
| Owners |
Bahrain Government Holding Company (50%) Ron Dennis (25%) Mansour Ojjeh (25%) |
|
Number of employees
|
5,289 (2013)
|
| Subsidiaries |
McLaren Applied Technologies McLaren Automotive (3.6%) McLaren Racing |
| Website | McLaren.com |
The McLaren Technology Group is a British conglomerate based in Woking, Surrey, United Kingdom. Founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, it was originally named the TAG McLaren Group due to a partnership with Mansour Ojjeh's TAG Group. It was renamed to simply the McLaren Group in 2003, then to its current name in 2015, after an increased focus in the technology industry. The Group was originally formed from a Formula One team established by New Zealander Bruce McLaren in 1963 and is now focused around the McLaren Honda Formula One Racing Team, the group's second most profitable company. The company is currently run by an executive committee comprising the Group’s majority shareholders after the removal of CEO Ron Dennis.Jonathan Neale, Chief Operating Officer, and Zak Brown, newly appointed Executive Director, report to the committee. McLaren has confirmed that a search for a new CEO is ongoing.
The McLaren Technology Group is the 3rd largest conglomerate (including McLaren Automotive) in the UK by revenue. The company hoped to expand its market from Formula One to manufacturing cars with its launch of the successor to the McLaren F1, the McLaren P1 and has since produced seven more models. In recent years, the group has branched out to other precision manufacturing areas, such as motorized devices for the solar and wind industries. For three years, McLaren Group's technology subsidiary McLaren Applied Technologies works closely with GlaxoSmithKline (makers of Sensodyne, Boost etc.) Together they also plan to open a new building at the McLaren Technology Centre, called the McLaren-GSK Centre for Applied Technology.
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