McLaren changes CEO again

Nicholas Paul “Nick” Collins has replaced Michael Leiters as the leader of McLaren Automotive.

Leiters had been at the rudder for only three years. The media speculate that his managerial decisions weren’t welcomed by CVYN, an Abu Dhabi investment fund that bought the car company in 2024. The newly appointed Nick Collins previously occupied the CEO position at Forseven, a startup firm also owned by CVYN.

As we reported a few weeks ago, the UAE investors are planning to launch a whole range of Forseven EVs in Europe under McLaren branding. This is probably why they needed to restructure their holdings.