Aston Martin has confirmed the departure of CEO Andy Palmer amid a serious drop in stock prices. Since August 1, the former head of Mercedes-AMG Tobias Moers will take over.
“The board of directors decided it was time for the new management to implement our plans,” Aston Martin said in a statement.
Lawrence Stroll, Head of the company: “Tobias Moers is a talented professional, a respected leader in the automotive business with extensive experience of many years of work at Daimler AG, with whom we have long-standing and successful technical and commercial partnerships.
Moers is the right leader for Aston Martin Lagonda, able to implement our business strategy. The seriousness of our ambitions is reinforced by our absolute determination to succeed. ”
Tobias Moers: “I always had a passion for amazing cars, I’m glad to be able to work for a cult brand, which I was close to at the beginning of the partnership between the two companies.
After Laurence took on the role of the leader, significant investments from his Yew Tree consortium, increased capital and reloading, we have a great opportunity to use the strengths of the business to successfully implement our plans – expanding the range and strengthening the brand. ”
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