McLaren Automotive is contemplating hiring Michael Leiters, the previous head of expertise at Ferrari, as its subsequent CEO, based on individuals aware of the matter. 

Leiters stepped down from Ferrari in December as a part of a management reorganization underneath new CEO Benedetto Vigna, and is likely one of the fundamental candidates being evaluated for the highest job at McLaren, these individuals mentioned, asking not be recognized because the discussions are confidential. 

A spokesman for McLaren declined to touch upon the potential appointment. Leiters didn’t instantly reply to a request for remark. Sky Information earlier reported that he was a doable candidate for the position. 

The Woking, England-based supercar maker managed by Bahrain’s sovereign wealth fund Mumtalakat has been repairing its funds after the pandemic halted manufacturing and led to the sale of a stake in its Method 1 racing franchise. The corporate has been in search of a CEO after Mike Flewitt, who led the corporate for eight years, abruptly stepped down in October 2021. 

McLaren’s shareholders have been in discussions with Audi since late final yr, a couple of potential acquisition of McLaren as a strategy to enter Method 1 racing and promote its electric-car expertise.