Dennis confirms his exit from McLaren Racing

Ron Dennis has confirmed that he is stepping down from his remaining roles with McLaren's Formula 1 team to head the company's newly independent McLaren Automotive arm.

As widely predicted in the media today, Dennis made the announcement that he was cutting ties with the F1 squad he ran for nearly three decades during a press conference at the company's Woking headquarters.

His departure comes amid the continuing storm over the team's actions in the stewards' hearings in Australia and Malaysia, for which McLaren must appear before the FIA World Motor Sport Council on 29 March.

Dennis stood down as McLaren team boss at the start of the season, handing over the reins to long-time deputy Martin Whitmarsh, but in his continuing role as McLaren Group chairman had attended the Australian Grand Prix.

"I passed the role of team principal of Vodafone McLaren Mercedes to Martin Whitmarsh on January 16th, the day of the launch of our new Formula 1 car," said Dennis.

Dennis confirms McLaren team exit - F1 | ITV Sport

The headline is misleading...McLaren F1 team u mean. Dennis will still remain a part of the McLaren group and will head other significant projects. Dennis is a smart guy and finally, he made a good decision.

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Hope all he takes all McLaren's troubles with him too

Anyway a wize move. He should have left before the season started itself :@