Changes at McLaren
McLaren had tidied up its management structure, with Jonathan Neale becoming Chief Operating Officer of the McLaren Group. Zak Brown switching from Executive Director of the Group to the narrower role of CEO of McLaren Racing. Mike Flewitt continues as CEO of McLaren Automotive, while a new CEO for McLaren Applied Technologies is being recruited. Eric Boullier remains Racing Director but now reports to Brown, while John Allert remains Chief Marketing Officer.
This means that Zak Brown can now concentrate solely on the McLaren F1 team. I'm sure his major job is currently to find the racing team a title sponsor, something they have lacked for a number of years now and must be having a big effect on their budget.
New Volkswagen Group CEO
Will this change the dynamic regarding VW joining F1? Some reports claim it will. The new CEO is Herbert Diess who when at BMW got a name for himself but cutting them to the bone in the name of efficiency. But with a company as large as the VW group, I don't believe the CEO would make the decision about joining F1 or not. That decision would be taken by the whole board of directors. If Liberty Media can get a cost cap written into the new Concorde agreement, I believe VW could be in F1 after 2021. Its about return on investment and with a cost cap the VW group could get a return on their investment with-in a few years. The marketing value of F1 is well known, the cost cap limits their expenditure and with a redistribution prize money, they could see a return on their investment with-in 5 years, I believe.