The McLaren Technology Group has confirmed that Zak Brown will be appointed to the position of executive director on a soon-to-be-finalised date next month.
Brown's appointment comes after chairman Ron Dennis was forced to step down last week by McLaren's shareholders.
Brown, who founded Just Marketing International (JMI), which has grown to become motorsport's largest marketing agency, recently stepped down from his company, with speculation linking him to a role at Liberty Media following its recent takeover of Formula 1.
However on Monday Brown accepted the role of executive director at McLaren and will play a "significant part of a restructuring programme that will align the group's commercial and strategic operations relating to achieving success in Formula 1", confirmed McLaren in a statement.
It's believed Brown's role will focus solely on the F1 team, rather than McLaren Automotive and its technology arm.
He and chief operating officer Jonathan Neale will report directly to McLaren Technology Group's executive committee
"I'm immensely proud to be joining McLaren Technology Group. I have the utmost respect and admiration for what the business has achieved to date, and I look forward to contributing to the next important phase in its development," commented Brown.
"Having worked closely with McLaren for many years, I've been struck by the talent and ambition of the entire workforce, and I very much look forward to complementing the business's many existing strengths, and building on them to drive future success in everything we do.
"As founder of Just Marketing International (JMI) – now the world's largest motorsport marketing agency – I've often worked closely with McLaren as I say, and I've developed some excellent relationships across the company. Together we've delivered some great sponsorship deals, including Johnnie Walker, GSK, Hilton, Lenovo, Chandon and NTT.
"Best of all, in my new role I'll be able to combine my absolute passion with my unparalleled area of expertise – respectively motorsport and marketing – while ensuring that the two stay totally aligned."
McLaren confimed the search for a new group chief executive officer is ongoing