Overview

• McLaren Group Holdings filed Montezemolo’s directorship at the UK’s Companies House on June 27 to formalize his board appointment.
• He will oversee McLaren Automotive’s road-car division and the group’s minority stake in the McLaren Formula 1 team.
• The move comes after CYVN Holdings’ April takeover of McLaren Automotive and follows May’s installment of Nick Collins as CEO and Paul Walsh to the board.
• Montezemolo brings decades of motorsport and luxury automotive expertise from his tenure as Ferrari chairman until 2014.
• McLaren Automotive has not yet issued a public statement on his appointment and racing operations remain majority-owned by Bahrain’s Mumtalakat State Fund.