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.


 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 
 Brandon Henderson    Senior Manager, Investor           +44 (0)7585 326704 
                       Relations                          brandon.henderson@astonmartin.com 
 Kevin Watters        Director of Communications         +44 (0)7764 386683 
 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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January 14, 2022 02:00 ET (07:00 GMT)

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