Aston Martin Lagonda Global Hld PLC Directorate Change (4089Y)
14 January 2022 - 6:00PM
UK Regulatory
TIDMAML
RNS Number : 4089Y
Aston Martin Lagonda Global Hld PLC
14 January 2022
14 January 2022
Aston Martin Lagonda Global Holdings plc
Appointment of Chief Financial Officer
The Board of Aston Martin Lagonda Global Holdings plc (the
Company) is pleased to announce the appointment of Doug Lafferty as
Chief Financial Officer. Doug is currently the Chief Financial
Officer of FTSE 250-listed fuel retailer Vivo Energy plc. He
previously spent three years as CFO for Williams Grand Prix
Holdings plc and 16 years in a wide range of senior finance and
leadership roles at British American Tobacco. Doug will be
appointed to the Board as an Executive Director in summer 2022.
Lawrence Stroll, Executive Chairman of Aston Martin Lagonda,
said: "I am extremely pleased to be welcoming Doug Lafferty to
Aston Martin. His experience as a FTSE 250 CFO, his work for the
Williams racing team and his multinational experience make him a
phenomenal addition to our leadership team. On behalf of the Board,
I would like to reiterate our thanks to Ken Gregor for the
significant role he has played at Aston Martin Lagonda and for his
continued hard work and dedication."
Tobias Moers, Chief Executive Officer of Aston Martin Lagonda,
said: "Doug is a high-calibre CFO who will be a fantastic asset to
Aston Martin and is going to be a great fit for our team. I look
forward to working closely with him when he joins the business this
summer."
Doug Lafferty said: "This is an exciting time to join Aston
Martin, with the company establishing a stunning product pipeline,
a renewed culture of operational excellence and a world-class
leadership team. I look forward to playing my part in this new era
for Aston Martin under the leadership of Lawrence and Tobias."
Regulatory Disclosure
The Company confirms that, in respect of Listing Rule
9.6.13R(1), Mr Lafferty was a Director of Williams Grand Prix
Holding plc (September 2017 to September 2020) and is currently the
Chief Financial Officer of Vivo Energy plc, and in respect of
Listing Rule 9.6.13R(3) Williams Grand Prix Holding plc was placed
in a members voluntary liquidation on 27 October 2020. I n respect
of Listing Rules 9.6.13R (2) and (4)-(6), there are no details to
disclose.
Remuneration Arrangements
Mr Lafferty's service agreement, remuneration and benefits are
consistent with Aston Martin Lagonda's Remuneration Policy as
approved by shareholders at the AGM in June 2019.
- Base salary of GBP450,000 per annum
- Annual bonus opportunity of up to 150% of salary
- Pension in line with the majority of the workforce and other
non-cash benefits in accordance with the Remuneration Policy
- Annual award under the Long-Term Incentive Plan of up to 200%
of salary
The Company has also agreed to compensate Mr Lafferty for the
incentives he will forfeit on leaving his current employer. These
buyout awards are consistent with the Company's Remuneration Policy
and will be set out in the 2021 Directors' Remuneration Report.
Enquiries
Investors and Analysts
Charlotte Director of Investor Relations +44 (0)7771 976764
Cowley charlotte.cowley@astonmartin.com
Holly Grainger Deputy Head, Investor Relations +44 (0)7442 989551
holly.grainger@astonmartin.com
Brandon Henderson Senior Manager, Investor +44 (0)7585 326704
Relations brandon.henderson@astonmartin.com
Media
Kevin Watters Director of Communications +44 (0)7764 386683
kevin.watters@astonmartin.com
Paul Garbett Head of Corporate and Brand +44 (0)7501 380799
Communications paul.garbett@astonmartin.com
Grace Barnie Corporate Communications +44 (0)7880 903490
Manager grace.barnie@astonmartin.com
Tulchan Communications
Harry Cameron and Simon Pilkington +44 (0)20 73534200
No representations or warranties, express or implied, are made
as to, and no reliance should be placed on, the accuracy, fairness
or completeness of the information presented or contained in this
release. This release contains certain forward-looking statements,
which are based on current assumptions and estimates by the
management of Aston Martin Lagonda Global Holdings plc ("Aston
Martin Lagonda"). Past performance cannot be relied upon as a guide
to future performance and should not be taken as a representation
that trends or activities underlying past performance will continue
in the future. Such statements are subject to numerous risks and
uncertainties that could cause actual results to differ materially
from any expected future results in forward-looking statements.
These risks may include, for example, changes in the global
economic situation, and changes affecting individual markets and
exchange rates.
Aston Martin Lagonda provides no guarantee that future
development and future results achieved will correspond to the
forward-looking statements included here and accepts no liability
if they should fail to do so. Aston Martin Lagonda undertakes no
obligation to update these forward-looking statements and will not
publicly release any revisions that may be made to these
forward-looking statements, which may result from events or
circumstances arising after the date of this release.
This release is for informational purposes only and does not
constitute or form part of any invitation or inducement to engage
in investment activity, nor does it constitute an offer or
invitation to buy any securities, in any jurisdiction including the
United States, or a recommendation in respect of buying, holding or
selling any securities.
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