London: The highly respected Ron Dennis confirmed on Tuesday he has quit as boss of Formula One outfit McLaren after 35 years at the top due to a shareholders uprising.


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The 69-year-old -- who helped guide the likes of James Hunt and Ayrton Senna to the world title -- quit after shareholders demanded at a meeting on Tuesday he step down as chairman and chief executive.


According to reports, Dennis last week presented a $2 billion takeover offer from a Chinese consortium which did not go down well with the shareholders.


Dennis had applied to the High Court in London last Friday for an injunction to prevent the boardroom shake-up but lost and had been on gardening leave.