REG - Aston Martin Lagonda - Appointment of New Chief Executive Officer

Aston Martin Lagonda Global HoldingsAnnouncement

22/03/2024 08:30

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RNS Number : 9546H  Aston Martin Lagonda Glob.Hldgs PLC  22 March 2024

22 March 2024

Aston Martin Lagonda Global Holdings plc

 ("Aston Martin", the "Company" or the "Group")

 

Appointment of New Chief Executive Officer

 

·      Adrian Hallmark, experienced ultra-luxury automotive leader,
appointed new Chief Executive Officer

·      Former Chairman and Chief Executive Officer of Bentley Motors to
succeed Amedeo Felisa, who will stand down as Chief Executive Officer of Aston
Martin

·      Hallmark to commence position no later than 1st October 2024

The Board of Aston Martin today announces the appointment of ultra-luxury
automotive leader Adrian Hallmark, who will join Aston Martin as an Executive
Director of the Company and its Chief Executive Officer no later than 1
October 2024.

Hallmark, aged 61, will join Aston Martin from his recent position as Chairman
and Chief Executive Officer of Bentley Motors, a role he has fulfilled since
2018. He brings more than 25 years of highly successful senior automotive
experience from the US, Europe, and Asia with companies such as Bentley,
Porsche and Volkswagen.

Ensuring a smooth transition in leadership, Amedeo Felisa will remain as Chief
Executive Officer until Hallmark takes up post. Felisa will continue to
oversee the introduction of Aston Martin's exciting new products, including
the launch of its third next generation sports car later this year, completing
its class-leading, new front-engine portfolio following the successful
launches of DB12 and Vantage.

Commenting on the new appointment, Lawrence Stroll, Executive Chairman of
Aston Martin, said:

"When Amedeo was appointed CEO, I spoke of him leading a new phase of growth
and development. Two years on, we have delivered on that promise, as we near
completion of our thrilling new product portfolio and move closer to our
vision of becoming the world's most desirable, ultra-luxury British
performance brand.

"I'd like to personally pay tribute to Amedeo, recognising not just what he
has achieved at Aston Martin but throughout his long and distinguished career
at the very top of the ultra-luxury automotive industry. I am pleased that
Amedeo will remain in post until Adrian joins and will continue to oversee the
launch of our upcoming products, with our breathtaking line-up of new front
engine sports cars a fitting legacy to his time leading the Company and its
product strategy. We look forward to celebrating Amedeo's contribution to
Aston Martin's recent success before wishing him the very best.

"In Adrian Hallmark, we are attracting one of the highest calibre leaders not
just in our segment, but in the entire global automotive industry.
Complementing our world-class leadership, Adrian will bring to Aston Martin
unrivalled experience in both the ultra-luxury and British manufacturing
sectors to progress our strategy and continue recent momentum."

 

Amedeo Felisa, Chief Executive Officer of Aston Martin, said:

"It has been a great privilege to serve as Aston Martin's Chief Executive
Officer, leading our iconic brand through this exciting era. I am incredibly
proud of the progress made over the last two years, which has aligned Aston
Martin for a positive future direction. I believe now is the right time to
allow the Company to transition to new leadership.

"I'd like to thank Lawrence and the Board for their strong support throughout
my time as CEO, and colleagues who've worked incredibly hard in recent years
to deliver on our vision for Aston Martin and execute on our award-winning new
product strategy. I am looking forward to delivering our upcoming new products
before handing over to Adrian, who is a fantastic appointment for Aston Martin
with a wealth of first-class experience."

Adrian Hallmark added:

"Like many working within the ultra-luxury segment, I have admired the
continued transformation of Aston Martin's brand and products from afar and
feel honoured to have the opportunity to work with Lawrence, the Board and the
Company's employees to lead its next chapter.

"The transformation of Aston Martin is one of the most exciting projects
within the ultra-luxury automotive industry. I am looking forward to
continuing the Company's great momentum and utilising my experience and
passion to further unleash this iconic brand's potential and take it to even
greater success."

 

Regulatory Disclosures

 

A separate announcement containing the required regulatory information in
accordance with paragraph 9.6.13R of the Listing Rules of the Financial
Conduct Authority will be released within 5 business days.

 

Remuneration Arrangements

 

Adrian Hallmark's service agreement, remuneration and benefits will be
consistent with Aston Martin's Remuneration Policy as approved by shareholders
at the AGM in May 2022.

 

The Company will disclose details of exit arrangements for Amedeo Felisa on
its website in due course, in accordance with its statutory obligations.

 

Inside Information

 

This announcement contains inside information within the meaning of Article
7(1) of the EU Market Abuse Regulation No. 596/2016 as it forms part
of UK law by virtue of the European Union (Withdrawal) Act 2018. The person
responsible for releasing this announcement on behalf of the Company is Liz
Miles, Company Secretary.

ENDS

 

 

Enquiries

 

Investors and Analysts

 

James Arnold                        Head of Investor
Relations                                       +44 (0)
7385 222347

 
                james.arnold@astonmartin.com
(mailto:james.arnold@astonmartin.com)

Ella South                              Investor
Relations Analyst
+44 (0) 7776 545420

 
ella.south@astonmartin.com (mailto:ella.south@astonmartin.com)

Media

 

Kevin Watters                      Director of
Communications                                     +44 (0)
7764 386683

 
 
kevin.watters@astonmartin.com (mailto:kevin.watters@astonmartin.com)

 

Paul Garbett                         Head of Corporate & Brand
Communications           +44 (0) 7501 380799

 
paul.garbettt@astonmartin.com (mailto:paul.garbettt@astonmartin.com)

 
 

 

About Aston Martin Lagonda

 

Aston Martin's vision is to be the world's most desirable, ultra-luxury
British brand, creating the most exquisitely addictive performance cars.

 

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is
acknowledged as an iconic global brand synonymous with style, luxury,
performance, and exclusivity. Aston Martin fuses the latest technology, time
honoured craftsmanship and beautiful styling to produce a range of critically
acclaimed luxury models including the Vantage, DB12, DBS, DBX and its first
hypercar, the Aston Martin Valkyrie. Aligned with its Racing. Green.
sustainability strategy, Aston Martin is developing alternatives to the
Internal Combustion Engine with a blended drivetrain approach between 2025 and
2030, including PHEV and BEV, with a clear plan to have a line-up of electric
sports cars and SUVs.

 

Based in Gaydon, England, Aston Martin Lagonda designs, creates, and exports
cars which are sold in more than 50 countries around the world. Its sports
cars are manufactured in Gaydon with its luxury DBX SUV range proudly
manufactured in St Athan, Wales. The company is on track to deliver net-zero
manufacturing facilities by 2030.

 

Lagonda was founded in 1899 and came together with Aston Martin in 1947 when
both were purchased by the late Sir David Brown, and the company is now listed
on the London Stock Exchange as Aston Martin Lagonda Global Holdings plc.

 

2020 saw Lawrence Stroll become the company's Executive Chairman, alongside
significant new investment. This coincided with Aston Martin's return to the
pinnacle of motorsport with the Aston Martin Aramco Formula One(®) Team and
commenced a new era for the iconic British marque.

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