Aston Martin Lagonda Glob.Hldgs PLC Directorate Change (8197E)
01 November 2022 - 6:00PM
UK Regulatory
TIDMAML
RNS Number : 8197E
Aston Martin Lagonda Glob.Hldgs PLC
01 November 2022
1 November 2022
Aston Martin Lagonda Global Holdings plc
Appointment of Non-executive Directors and Board Committee
appointments
Aston Martin Lagonda Global Holdings plc (the "Company")
announces the appointment of Ahmed Al-Subaey and Frederick
Robertson to the Board as representative Non-executive Directors of
the Public Investment Fund, with effect from 1 November 2022. The
appointments are made in accordance with the Relationship Agreement
entered into between the Company and the Public Investment Fund on
29 July 2022.
Ahmed Al-Subaey is Chief Executive Officer of Bahri, the
National Shipping Company of Saudi Arabia, which is listed on the
Saudi Stock Exchange. Mr Al-Subaey holds a BSC and Masters degree
in electrical engineering from the University of Arizona and an
executive MBA from Stanford University.
Frederick Robertson is Senior Director and Head of Public
Investments, International Investments Division at the Public
Investment Fund. Mr Robertson started his career as an investment
analyst having studied economics at Cornell University. Mr
Robertson will be appointed as a member of the Nomination Committee
and an observer to both the Audit and Risk Committee and
Remuneration Committee with effect from 1 November 2022.
Lawrence Stroll, Executive Chairman of Aston Martin, said: "I am
delighted to welcome Ahmed Al-Subaey and Frederick Robertson as
PIF's appointed representatives to the Board. These appointments
are an important part of our relationship with PIF, our second
largest shareholder".
The Company confirms that there is no further information to be
disclosed pursuant to paragraph 9.6.13R of the Listing Rules of the
Financial Conduct Authority with regard to either of these
appointments.
The Company further announces the appointment of Sir Nigel
Boardman as a member of the Nomination Committee and Audit and Risk
Committee with effect from 1 November 2022. As previously
announced, Sir Nigel was appointed as an independent Non-executive
Director of the Company on 1 October 2022.
Enquiries
Investors and Analysts
Sherief 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
Media
Kevin Watters Director of Communications +44 (0)7764 386683
kevin.watters@astonmartin.com
Paul Garbett Head of Corporate and Brand Communications +44 (0)7501 380799
paul.garbett@astonmartin.com
Grace Barnie Corporate Communications Manager +44 (0)7880 903490
grace.barnie@astonmartin.com
Tulchan Communications
Harry Cameron and Simon Pilkington +44 (0)20 7353 4200
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END
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