Ron Dennis has been reappointed as chief executive officer of McLaren.
The 66-year-old will take over from team principal Martin Whitmarsh in his new position.
Dennis, who stood down as team principal in 2009 after 27 years in the role, has said that he plans to change the structure at McLaren.
"My fellow shareholders have mandated me to write an exciting new chapter in the story of McLaren, beginning by improving our on-track and off-track performance," ESPN quotes Dennis as saying.
"Over the coming weeks I intend to undertake a thorough and objective review of each of our businesses with the intention of optimising every aspect of our existing operations, whilst identifying new areas of growth that capitalise on our technologies, and where appropriate further investing in them.
"During February, I will articulate a new group strategy and implement the organisational structure best suited to achieving it. I am excited by the prospect of returning to the role of Group Chief Executive Officer and working with my many colleagues and fellow shareholders to fulfil our objective - which is to win at whatever we do."
McLaren failed to secure a podium finish in Formula 1 last season for the first time since 1980.
