Aston Martin’s chief to leave as a part of shake-up: FT By Reuters

May 24, 2020 admin Stock News 0

© Reuters. Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new factory in Saint Athan

(Reuters) – Aston Martin (L:) Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday.

The luxury carmaker will name Tobias Moers, CEO of Mercedes-AMG, as Palmer’s replacement in an announcement scheduled for Tuesday, the report https://on.ft.com/2LTQhK1 said.

The newspaper said Palmer had not been informed of the upcoming announcement and declined to comment further.

The company did not immediately reply to Reuters request for a comment.

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