SportBusiness.com

ExxonMobil extends McLaren partnership

Leading Formula One team Vodafone McLaren Mercedes has announced a five-year extension of its technology partnership with ExxonMobil.

Under the terms of the agreement, ExxonMobil will continue to provide the team with Mobil 1 lubricant technology, expertise and trackside support. ExxonMobil will also supply a range of specialised lubricants for use in the McLaren Technology Centre in the UK.

The deal has extended the partnership between the two parties to 17 years – the longest continuous oil company sponsorship of a Formula One team in the history of the sport. The F1 team recently renewed commercial partnerships with Vodafone, Santander and AkzoNobel.

“This relationship has been long, deep, wide and fruitful,” said McLaren Group executive chairman Ron Dennis. “It’s tremendously pleasing that companies of such scale and global reach choose not only to become partners with Vodafone McLaren Mercedes, but to continue that relationship over so many years.”

Dennis added: “We have also worked with both TAG Heuer and Hugo Boss, both hugely successful and iconic lifestyle brands, over a consecutive period of three decades. Successful and long lived relationships such as these eventuate from our shared brand values, and above all our superlative track record of success.”

British drivers Lewis Hamilton and Jenson Button will once again drive for McLaren this season.