McLaren announces comprehensive restructuring

[Blackseal]

Fiat and Ferrari aren't the only ones undergoing a comprehensive restructuring as longtime rival (both on and off the track) McLaren has announced a major reorganization of its operations and several management changes.

 

The biggest shift for McLaren is the split between McLaren Automotive (which will produce the new MP4-12C supercar) and the McLaren Group (which operates the racing team). The roadcar unit is being split off into its own operation, based out of the McLaren Production Centre, which shares its grounds with the McLaren Technology Centre next door.

 

The two companies will now report to two separate boards, which will in turn be accountable to separate shareholders. But to keep things sufficiently confusing for the rest of us, most of the key players

[Stary]

The two companies will now report to two separate boards, which will in turn be accountable to separate shareholders. But to keep things sufficiently confusing for the rest of us, most of the key players

[Blackseal]

then it is the same board what....where got separate board?

 

Bro...to me it's call corporate bulls*h*i*t

[Xdeatel]

then it is the same board what....where got separate board?

 

If i am not wrong, Board Of Directors = Directors being elected by the shareholders.

 

CEO, COO etc etc is being elected by the Board of Directors.

 

Thus, Board = Directors , Ceo, Coo = Management