Official Update: Aston Martin CEO Quits, Former Ferrari Man Takes His Place
CEO of Aston Martin, Tobias Moers, is set to step down from the British automaker. According to unconfirmed reports, Moers had some “strategic differences” with Lawrence Stroll, one of the major sources of financial backing within the company and whose son races for the brand’s Formula 1 team. Moers was previously the head of Mercedes’ AMG division, responsible for cars like the SLS AMG and others.
Since assuming control of the iconic British luxury automaker in May 2020, Moers has overseen vehicles like the Aston Martin DBX707 and Valkyrie. At one point, he was seen as a stabilizing force in what was otherwise an incredibly volatile time for the brand. It appears those times have not ended.
When approached for comment, Aston Martin said that it will “provide a full market update as part of its quarterly announcement in the morning.”
UPDATE: Aston Martin’s official statement on the matter, confirming that former Ferrari executive Amedeo Felisa is replacing Tobias Moers:
“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 organizational 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,”
- Chevrolet Silverado EV RST First Edition Gets A Unique Steering Wheel
- Tesla Model 3 Performance Track Mode Triggers Recall
- This Is The Most Perfect BMW M3 E30 We've Ever Seen
- This Is Our Best Look Yet At The New Hyundai Kona's Cabin
- VW Gets Us Pumped For An ID.Buzz Pickup
- Toyota Debuts The New Manual Transmission Supra