TIDMAML
RNS Number : 2010K
Aston Martin Lagonda Global Hld PLC
04 May 2022
4 May 2022
Aston Martin Lagonda Global Holdings plc
Appointment of new Chief Executive Officer and Chief Technical
Officer
Strengthening Leadership Team to Spearhead Electrified
Future
The Board of Aston Martin Lagonda Global Holdings plc (the
"Company") today announces that by mutual agreement Tobias Moers
will stand down from his role as Chief Executive Officer. He will
leave the Board of the Company with immediate effect and support
the leadership team with a smooth transition until the end of July.
The Board is grateful for all that Tobias has contributed during
his time at Aston Martin, setting the Company in the right
direction, building new foundations and improving its
operations.
The Board announces the appointment of Amedeo Felisa as Chief
Executive Officer. A former CEO of Ferrari, he is one of the most
highly regarded leaders and engineering professionals in the
high-performance luxury sports car sector. Currently a
Non-Executive Director of the Company, Amedeo will be appointed an
Executive Director with immediate effect.
Amedeo has spent his entire career in automotive and engineering
with over 26 years in leadership roles at Ferrari, including eight
as CEO, guiding the Italian-based luxury automotive OEM through its
turnaround and growth phase as the engineering and
product-development force behind every new model.
With Aston Martin set to enter a new phase of growth and
development, Amedeo will focus on delivering the Company's
continued strategic objectives, financial targets and roadmap
towards electrification. To meet these goals, Amedeo is to
implement and lead a new organisational structure with a focus on
broadening the technical team through the promotion of internal
talent together with added expertise of strategic external hires,
identified and set to be announced in the coming weeks.
To further strengthen the leadership team, the Company has also
appointed the highly experienced engineer Roberto Fedeli as its
Chief Technical Officer. Roberto is another proven leader in the
luxury high-performance sports cars sector. He is considered the
creator of Ferrari LaFerrari, the Italian company's first hybrid
supercar as well as some of its most iconic models during his
26-year tenure. Roberto will join Aston Martin with effect from 1
June 2022 to lead the Company's technical team and expand its
reputation for cutting-edge engineering. He will be bringing his
extensive knowledge, passion for innovation and his most recent
experiences in the implementation of electrification technologies
during his time at BMW.
To deliver the next-generation sports cars, and lead the way to
electrification, these two appointments will significantly
strengthen the senior leadership team which, combined with the new
organisational structure, will drive further and faster innovation
and instil greater cohesion and effectiveness across the
Company.
Lawrence Stroll, Aston Martin Lagonda Executive Chairman, said
:
"Firstly, I would like to extend my thanks and appreciation for
all that Tobias has achieved. He joined Aston Martin at a critical
time for the Company and brought significant discipline to its
operations. The benefit of these actions is clear in the improved
operating performance of the Company and in our great new product
launches.
Now, there is a need for the business to enter a new phase of
growth with a new leadership team and structure to ensure we
deliver on our goals. Our new organisational framework will support
the Company to its full potential, foster greater collaboration, a
more cohesive way of working, both internally and externally,
especially with our strategic partners, including Mercedes-Benz AG,
and further accelerate technology transfer programmes with the
Aston Martin Aramco Cognizant Formula One(TM) Team.
I am extremely pleased that Amedeo has agreed to take on the
role of CEO. He has extensive knowledge of both Aston Martin's
business and the wider automotive industry with an excellent track
record and previous experience of leading a major ultra-luxury car
manufacturer. His technical acumen and charisma will be
inspirational for the entire Company.
With the appointment of Roberto, we add another world class name
to our team. He will help us deliver our future strategy, with a
particular focus on technology advancements, and our in-house
engineering capabilities, as we move towards electrification.
Roberto is a proven innovator and team builder. He conceived some
of the world's most desirable performance sports cars. His
extensive experience of this sector, coupled with his leadership
style, will contribute significantly to shape our exciting future
product portfolio and reinvigorate our technical team.
We believe these changes will bring significant long-term
benefits to everyone involved with Aston Martin. We are poised to
deliver good growth in 2022 and remain extremely confident in the
medium and long-term prospects for the Company as we transform
Aston Martin into the world's most desirable ultra-luxury British
performance brand."
Amedeo Felisa, Aston Martin Lagonda Chief Executive Officer
said:
"It is very exciting for me to take on this role at Aston Martin
as we embark on the Company's next phase of growth. I have great
confidence in Lawrence's vision, and I'm grateful for his, and the
Board's, trust in my leadership. Over the past year, through my
work as a Non-Executive Director and Chairman of the Product
Strategy Committee, I have come to know Aston Martin and its senior
leadership team very well. I know there is an impressive pool of
talent inside the Company, as well as an extraordinary
technological ecosystem in the UK, made up of innovators,
universities, automotive and racing specialists, with whom we want
to deepen our relationships.
We have a clear objective to continue the transformation of
Aston Martin into an ultra-luxury, high-performance brand and
become a leader in our sector. We have a highly experienced and
talented team throughout the organisation that together will enable
us to achieve our goals. We have a tremendous opportunity to shape
and enhance the uniqueness of Aston Martin's future products, and
to further grow our appeal with new customers by harnessing the
introduction of new technologies, electrification, connectivity and
innovative materials."
The Company has also today made an announcement regarding its
first quarter results for the three months to 31 March 2022.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is being
released on behalf of Aston Martin Lagonda Global Holdings plc by
Rachael Hambrook, Interim Company Secretary.
Regulatory Disclosures
The Company confirms that, in respect of Listing Rule
9.6.13R(1), Mr Felisa currently serves as Chairman of Atop S.p.A. I
n respect of Listing Rules 9.6.13R (2)-(6), there are no details to
disclose.
Mr Felisa will step down as a member of the Audit and Risk
Committee. He will also step down as chair of the Product Strategy
Committee which committee will be discontinued as a Board
Committee.
The Company will disclose details of exit arrangements for
Tobias Moers on its website in due course, in accordance with its
statutory obligations.
Remuneration Arrangements
Mr Felisa's service agreement, remuneration and benefits will be
consistent with Aston Martin Lagonda's Remuneration Policy as
approved by shareholders at the AGM in June 2019 and the proposed
new Remuneration Policy to be considered by shareholders at the
Company's AGM on 25 May 2022.
Enquiries
Investors and Analysts
S herief Bakr Director of Investor Relations +44 (0)7789 177547
sherief .bakr@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
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