PARIS — Mansour Ojjeh, a key shareholder of McLaren who wielded affect on the planet of Formula One racing and beforehand owned Tag Heuer — he added “Tag” to watchmaker’s identify — died at age 68, in accordance an announcement on the web site of the McLaren group.
“The passing of Mansour [Ojjeh] has devastated everyone at McLaren,” McLaren Racing chief government officer Zak Brown mentioned in an announcement. “Mansour was a titan of our sport, yet modest, unassuming and disarming to all he encountered,” he added.
Born in Syria, the chief studied in France and the U.S. and performed enterprise in France and Saudi Arabia. He straddled a variety of sectors together with airways and actual property, along with motorsports.
In 1975, he established the Techniques Avant Garde or Tag Group, a holding firm for his investments, which included motor racing.
In 1985, he purchased the historic Swiss watchmaker Heuer, combining names to change into Tag Heuer, which gained worldwide fame.
In 1999, he bought the label, which now belongs to LVMH Moët Hennessy Louis Vuitton. Tag Heuer ceo Frédéric Arnault posted a photograph of Ojjeh on Instagram Sunday, displaying the smiling, tanned government on a cell phone carrying reflective sun shades. Arnault wrote “RIP Mansour Ojjeh.”
Ojjeh, who underwent a double lung transplant in 2013, handed away in Geneva, in line with McLaren.