McLaren Group COO Jonathan Neale to leave company after two decades

McLaren stalwart Jonathan Neale, who has been with the Woking-based company for two decades, is to leave later this year.

McLaren Group COO Jonathan Neale to leave company after two decades

Neale originally joined McLaren as its Formula 1 operations director in 2001, before moving up to become the team’s managing director in 2005.

He helped play a part in the evolution of the squad as it grew stronger in that period before it helped Lewis Hamilton win his first F1 drivers’ world championship in 2008.

Neale remained in that role for several years, through many changes of team principals, before he became acting chief executive in 2015 as the team embarked on its new partnership with Honda.

At the time, his senior role meant he often represented McLaren in team meetings, including in F1’s Strategy Group.

As team boss Ron Dennis’ second tenure came to an end in 2016, Neale stepped away from any direct involvement with the day-to-day running of the F1 outfit as he became chief operating officer of the entire McLaren Group.

He has continued in that role, which encompasses McLaren Racing, McLaren Automotive and McLaren Applied Technologies, until now.

McLaren has confirmed, however, that Neale will be stepping down at an unspecified point later in the year.

Jonathan Neale, Managing Director, McLaren, and Andreas Seidl, Team Principal, McLaren

Jonathan Neale, Managing Director, McLaren, and Andreas Seidl, Team Principal, McLaren

Photo by: Steven Tee / Motorsport Images

The change comes with McLaren having undergone major business changes over the past few years in a bid to shore up its finances.

In July this year, the McLaren Group announced that it had been given a £550 million boost of fresh investment from Saudi Arabian backers.

It comes on the back of McLaren Racing selling a stake in its operation last year to a US-based consortium led by sports investment group MSP Sport Capital.

MSP acquired a 15% stake in McLaren initially, but could increase its shareholding to a maximum of 33% by the end of 2022.

As well as attracting new investors, McLaren also agreed this year a sale and leaseback deal for its McLaren Technology Centre to provide it with a boost of capital.

The £170 million sale was agreed with Global Net Lease, with the transaction due to be completed in the next few months. It will include a 20-year lease deal for McLaren.

shares
comments

Related video

How Monza only added more questions to F1's sprint race conundrum
Previous article

How Monza only added more questions to F1's sprint race conundrum

Next article

Albon yet to find out what ‘very strict’ clauses cover to protect Mercedes

Albon yet to find out what ‘very strict’ clauses cover to protect Mercedes
How departing F1 boss Brawn views F1’s new rules - and the future Plus

How departing F1 boss Brawn views F1’s new rules - and the future

Multiple-title-winning designer and team boss Ross Brawn is finally leaving Formula 1 after nearly 50 years in motorsport. But he still has plenty of insights on what’s working and what comes next, as he revealed to Autosport in a far-reaching exclusive interview in Abu Dhabi

The key F1 management call Ferrari must make to avoid more defeat Plus

The key F1 management call Ferrari must make to avoid more defeat

OPINION: Mattia Binotto’s departure from Ferrari will naturally bring a range of changes across the Formula 1 team. But how the changes shape up and the impact they could have is set to be dictated by a key direction Ferrari’s top dogs will need to pick

Formula 1
Nov 30, 2022
The difference between Mercedes’ stumble and the fall of F1 giants Plus

The difference between Mercedes’ stumble and the fall of F1 giants

OPINION: Mercedes endured its worst season of the hybrid Formula 1 era, but was mercifully spared its first winless campaign in over a decade late on. It has owned up to the mistakes it made which led to its troubled W13. And while its task to return to title-challenging contention is not small, its 2022 season seems more like a blip than the beginning of a downward spiral.

Formula 1
Nov 29, 2022
The physical focus bringing out the best of an F1 midfield star Plus

The physical focus bringing out the best of an F1 midfield star

Esteban Ocon likes to point out he’s the first driver since Lewis Hamilton to emerge from a spell as Fernando Alonso’s team-mate with a superior overall points record. While some may disagree, as LUKE SMITH discovered, the 2021 Hungarian GP winner reckons it’s not just luck which has made him France’s pre-eminent Formula 1 driver of the moment…

Formula 1
Nov 28, 2022
How Red Bull's dynamic leader shaped its F1 philosophy Plus

How Red Bull's dynamic leader shaped its F1 philosophy

The death of Dietrich Mateschitz last month has not only deprived Red Bull of its visionary founder, it has shorn Formula 1 of one of its most influential benefactors. Mateschitz himself was famously media-shy, preferring to let the brand do the talking on his behalf. And, while it’s now normal to speak of Red Bull F1 titles and champions made, Mateschitz never assumed it would be easy or even possible – as ANTHONY ROWLINSON discovered during this previously unpublished interview from 2006…

Formula 1
Nov 27, 2022
Can Mercedes break Formula 1's cycle of doom? Plus

Can Mercedes break Formula 1's cycle of doom?

OPINION: Teams that have dominated for long periods throughout Formula 1's history often take years to get back to the top of the tree once they've slipped down. But it remains to be seen whether the same will happen to Mercedes after a challenging 2022 season

Formula 1
Nov 24, 2022
What hurt Perez most in his ill-fated fight for second in Abu Dhabi Plus

What hurt Perez most in his ill-fated fight for second in Abu Dhabi

Arguably the favourite in the battle to finish second best in 2022's Formula 1 standings, Sergio Perez's two-stop strategy at Abu Dhabi couldn't take him ahead of Charles Leclerc when the music stopped - and several key factors ultimately precluded him from the much-coveted runner-up spot

Formula 1
Nov 23, 2022
The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success Plus

The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success

OPINION: Charles Leclerc achieved his target of sealing runner-up in the 2022 world championship with a masterful drive behind Max Verstappen in Abu Dhabi. And that race contained key elements that may help him, and Ferrari, go one better in Formula 1 2023

Formula 1
Nov 22, 2022