In place, former Mercedes-AMG boss, Tobias Moers will assume the role of Executive Director taking over from Palmer.
Tobias Moers is Chief Executive Officer of Aston Martin Lagonda. Aston’s share price—already on the slide since its controversial 2018 IPO—plunged 26 percent in one day in July 2019, when Palmer’s Q2 profit warning made clear that his DB11 and Vantage sports cars just weren’t selling.And then the Covid-19 crisis hit at exactly the worst moment: just as Aston had built and staffed the new factory in Wales, where it will build the linchpin of its expansion plans, the DBX SUV.
He has to restart full production at Aston’s existing Gaydon factory and build a new car at a new factory with a new workforce in Wales—and do it to the standards fine-car customers expect.
In the interim period, current Vice President and Chief Manufacturing Operations Officer, Keith Stanton has been appointed as the Chief Operating Officer who will support the Executive Chairman, Lawrence Stroll.Dr Andy Palmer was appointed after Dr Ulrich Bez, former head of Aston Martin assumed an ambassadorial role in the company.
"He is an exceptionally talented automotive professional and a proven business leader with a strong track record during his many years at Daimler AG, with whom we have a long-standing and successful technical and commercial partnership, which we look forward to continuing," said Stroll.
"Aston Martin is to race under its own name in Formula 1 next year when the Racing Point team is rebranded as an official works effort.FIA sets up whistleblower hotline to report rules breaches
The head of AMG since 2013, Moers has been a part of the company since 1994. I would also like to recognise his leadership through the current challenges and uncertainties presented by COVID-19.”Upon stepping down, Dr Andy Palmer said: “It has been a privilege to serve Aston Martin Lagonda for almost six years. Aston Martin’s new CEO, Tobias Moers, takes office in August. In order to ensure a combination of high efficiency and improved driving dynamics, developers at Affalterbach are working on innovative technologies to take performance to a new level. Pour continuer à profiter gratuitement de nos articles, veuillez désactiver votre adblocker lorsque vous consultez notre site
Moers, who will take up his role on August 1, comes as part of a revamp of the company by executive chairman and shareholder Lawrence Stroll.Former president and CEO Andy Palmer has stood down with immediate effect, with current vice-president Keith Stanton being appointed as temporary COO until Moers' arrival.Stroll believes that Moers, who has built a strong reputation for his management approach after lifting AMG's fortunes, will be a big boost to the company. He is the right leader for Aston Martin Lagonda as we implement our strategy for the business to achieve its full potential.
"Throughout his career he has delivered product expansion, strengthened brand positioning and improved profitability.
Speaking about this application of the Formula 1 powertrain, Mercedes-AMG CEO, Tobias Moers said, ‘we are the first to make Formula 1 technology roadworthy.’ As you might expect, all-wheel drive plays a part, delivered and intelligently vectored by an electric motor in each front wheel. Although he’s an enthusiast for high-performance electric motoring, Aston’s expensive plans for an all-electric Lagonda sub-brand with a sedan and an SUV have been postponed until at least 2025—and may not happen at all.It’s hard to see why Moers would risk tarnishing a stellar, lifelong career at Mercedes with a potential public failure at Britain’s most glamorous but dissolute luxury carmaker. Copyright © 2020 The Indian Express [P] Ltd. All Rights Reserved mercedes amg boss takes charge of aston martin andy palmer ousted as president and ceo f1 team db11 dbs dbx valkyrieThe Board of Aston Martin Lagonda Global Holdings has asked Dr Andy palmer to step down as President and CEO of the group.
Aston Martin has announced the appointment of Mercedes-AMG chairman Tobias Moers as its new CEO. He once told me that no car got the AMG badge without his driving it and approving it, but his task at Aston is to fix the company rather than the product.