McLaren Group Holdings Limited (MGHL) has expanded its board of directors as it completes its recapitalisation, following the brand’s acquisition by CYVN Holdings – owned by the Government of Abu Dhabi.

Luca di Montezemolo, who succeeded Enzo as Ferrari chairman between 1991 and 2014, has joined the board, after serving as a founding partner of Italo, the first private high-speed train company in Europe, and Italbus, Italy’s first private long-distance bus company.

The new group chairman is His Excellency Jassem Al Zaabi, who is also chairman of the Abu Dhabi Department of Finance.

Al Zaabi said: “This new Board represents a pivotal moment for McLaren.

“Drawing on the depth of experience of our members, we’re not just growing the potential of the McLaren brand — we’re igniting a new era of vision, innovation, and growth, with a level of leadership rarely seen in the automotive industry.”

Nick Collins will continue as CEO, following his appointment in April, after McLaren Automotive merged with Forseven, which Collins previously headed.

Collins is also currently a board member of NIO, and previously served on the board of Jaguar Land Rover, as executive director of vehicle programmes, responsible for product strategy and development.

Collins said: “We are shaping a business that reflects where McLaren is going, not just where it’s been.

“I warmly welcome our new directors to McLaren Group Holdings.

“Together, we will provide the strategic oversight to support the next phase of McLaren’s bold ambitions, united by the belief that McLaren can be more, can do more and can offer more.”

Other appointments include Her Excellency Mariam AL Mheiri, the CEO of 2PointZero, an investment platform, and Pierre-Yves Roussel, who was previously CEO of LVMH.

Kaj-Erik Relander and Michel Combes also come from backgrounds in the financial sector, while Paul Walsh comes from within McLaren.

Torsten Gerd Müller-Ötvös, the CEO of Rolls-Royce Motor Cars from 2010 to 2023 has also joined the board.