Shares of Aston Martin surged Tuesday after the famed British car brand announced the head of Mercedes-Benz's performance division as its next CEO.
Keith Stanton, head of Aston Martin's manufacturing, is appointed interim chief operating officer to support Stroll ahead of Moers joining the company.
The management shakeup comes months after Stroll, a Canadian billionaire, became Aston Martin chairman in March after providing £536 million in cash to save the company. Aston Martin, best known for being fictional agent James Bond's brand of choice, has struggled for years to gain traction with its car-centric lineup. The company is pinning much of its future successMoers, in a statement, said he is "truly excited to be joining Aston Martin Lagonda at this point of its development."
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Aston Martin's chief to leave as a part of shake-up: FTAston Martin Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday.
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Aston Martin chief to leave, Mercedes-AMG CEO to replace him: sourceAston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
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Aston Martin's chief to leave as a part of shake-up: FTAston Martin Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday.
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