Monday, May 16

Tobias Moers out as Aston Martin CEO – report

Tobias Moers looks set to leave Aston Martin, just two years after taking the reins.

CAR Magazine reports he will stand down immediately due to “strategic differences” with chairman Lawrence Stroll.

Mr Moers reportedly wants to establish a development base for Aston Martin in Germany, which is at odds with Mr Stroll’s plan to invest in a new northern Italy hub in a bid to inject a degree of Ferrari-style flair into the brand.

The report claims Mr Moers will be succeeded by ex-Ferrari technical director Roberto Fedeli as CEO, with ex-Ferrari CEO Amedo Felisa to serve in the interim between Mr Moers’ departure and Mr Fedeli’s start date.

Aston Martin responded to CAR with following statement about Mr Moers: “Aston Martin will provide a full market update as part of its quarterly announcement in the morning.”

Mr Moers took over from Andy Palmer as Aston Martin CEO in August 2020, having previously overseen massive growth at Mercedes-AMG.

His departure reportedly comes on the back of disagreements with chairman Lawrence Stroll, who took control of Aston Martin after making a significant investment in the company in conjunction with the Yew Tree Consortium.

Rumours about Mr Moers’ departure started in January 2022, when the Financial Times reported Aston Martin was looking for a replacement.

The brand has undergone a transition during his two-year tenure, losing senior staff members such as chief special operations officer David King, handling chief Matt Becker, and director of Q operations Simon Lane.

He’s also overseen the launch of the powered-up DBX 707 SUV, and has deepened Aston Martin’s ties with existing technology partner Mercedes-Benz.



Reference-www.carexpert.com.au

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