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Saudi PIF buys into McLaren as part of 550 mln pound equity raise
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McLaren gets finance boost from Saudi Arabian wealth fund
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Saudi PIF Buys into McLaren as Part of 550 Mln Pound Equity Raise
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McLaren hires telecommunications exec as finance chief
McLaren hires telecommunications exec as finance chief
Kate Ferry joins the UK automaker from TalkTalk
McLaren
Ferry joins McLaren Group as the company posted a loss of 641,162 pounds [$890,000] last year.
LONDON McLaren Group has appointed an executive from the telecommunications sector as chief financial officer overseeing its road car, racing and engineering divisions.
Kate Ferry, 48, took over the role on April 1 from Paul Buddin, 40, who has resigned as a director, according to company records filed in the UK.
Ferry joins McLaren from UK telecommunications company TalkTalk, where she was CFO. Prior to that she worked as group corporate affairs director for telecommunications company Dixons Carphone. She remains a non-executive director and chair of the audit committee at Greggs, a UK bakery chain, according to her LinkedIn profile.
A guide to McLaren Group: will McLaren IPO in 2021?
Rebecca Cattlin April 29, 2021 2:45 PM
As the buzz around a potential McLaren IPO increases, take a look through our guide to the motor company and what you should know about its balance sheet. Share:
McLaren Group: an overview
McLaren is a British car manufacturer that was founded in 1981 after Ron Dennis acquired the McLaren Formula 1 team. The company is considered an innovator in the world of Formula 1 racing, having won 20 World Championships and over 180 races.
While racing is very much still the businesses focus, it has built a methodology based on developing the fields of science and technology.