How to Pronounce Ron Dennis
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Jun 01, 1947 Woking, England, United Kingdom 76 years old
British businessman
GeminiRon Dennis - Place of Birth, Date of Birth, Age, Wiki, Facts, Net Worth, Birthday, Biography and Family
Ron Dennis, Date of Birth, Place of Birth, Family, Facts, Age, Net Worth, Biography and More in FamedBorn.com
About Ron Dennis
- Ronald Dennis CBE (born 1 June 1947) is a British businessman and Official British Business Ambassador for The United Kingdom.
- Dennis is the Global Consultant for Minsheng Investment Corporation and also former owner of Absolute Taste.
- He is best known for his former role as owner, CEO, chairman and founder of McLaren Technology Group.
- Dennis was removed from his McLaren management roles in 2016 but remained a director of the company and a 25% shareholder until June 2017, when his 37-year association with the company ended. Between 1981 and 2009, Dennis was the team principal of the McLaren Formula One team, and was instrumental in transforming the outfit into a regular world championship contender.
- Constructors' and drivers' world championships were won with Niki Lauda, Alain Prost, Ayrton Senna, Mika Häkkinen and Lewis Hamilton. In January 2007, Dennis sold half of his 30 percent shareholding in the McLaren Group to the Bahrain Mumtalakat Holding Company, leaving him with a 15 percent share.
- In 2009, Dennis, together with co-owners Mansour Ojjeh's TAG Group and the Bahraini Mumtalakat Holding Company, bought back Daimler AG's 40 per cent shareholding in a deal that was concluded in 2011.
- As of January 2014, Mumtalakat held 50 percent of the Group's shares, with Dennis and Mansour Ojjeh holding 25 percent each.In May 2019, Dennis ranked 304th on the Sunday Times Rich List with an estimated wealth of £450 million.Aside from McLaren Group, he is also one of six British business persons to be an official British Business Ambassador for advanced engineering and manufacturing.
- Dennis is also a main trustee for Tommy's, a miscarriage help charity.
- He is the Global Consultant for the state owned China Minsheng Investment Group and also the chairman for the UK Summit.
- With interests in foreign trade, Dennis also became Chairman of the British East Asian Council in 2014.
- Before the merger with Louis Vuitton, Dennis was a major shareholder in the luxury watch maker TAG Heuer, along with his business partner, Mansour Ojjeh. In December 2014, he attempted to purchase 50% of McLaren Technology Company from Hamad bin Isa Al Khalifa and Ojjeh, after shareholder relations worsened, but the investment deals Dennis had arranged failed to materialise and the shareholding structure remained as before.
- Dennis tried to purchase the company again in October 2016, with an estimated bid of 1.7 billion pounds sterling.
- However, Ojjeh and Mumtalakat wanted Dennis out, and refused his bid, ultimately placing him, in November 2016, on "gardening leave" for two months.
- Subsequently, Ojjeh and Mumtalakat did not renew Dennis' contract in January 2017.
- He retained 25% of shares in McLaren Technology Group, the title of "Company Director," and 11% of the shares in McLaren Automotive, as well as his role there as Chairman and "Company Director," until July 2017, when Dennis fully resigned from the company.
