Chairman and CEO of McLaren Formula One team Ron Dennis signs autographs at the first practice session of the Australian F1 Grand Prix at the Albert Park circuit in Melbourne March 14, 2014. REUTERS/Brandon Malone
LONDON (Reuters) - Ron Dennis, the chairman of McLaren's Formula One team and separate sports carmaker, will step down from his role at the brand and sell his shares, ending a 37-year relationship which soured in recent months alongside race-track failings.
McLaren, valued at 2.4 billion pounds, have not won a Grand Prix since 2012 and are last in the 10-team championship this year after embarking on a troubled partnership with their former engine supplier Honda.
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