REG - Aston Martin Lagonda - Directorate Change

Aston Martin Lagonda Global HoldingsAnnouncement

14/01/2022 07:05

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RNS Number : 4089Y  Aston Martin Lagonda Global Hld PLC  14 January 2022

14 January 2022

 

 

Aston Martin Lagonda Global Holdings plc

Appointment of Chief Financial Officer

 

 

The Board of Aston Martin Lagonda Global Holdings plc (the Company) is pleased
to announce the appointment of Doug Lafferty as Chief Financial Officer.
Doug is currently the Chief Financial Officer of FTSE 250-listed fuel retailer
Vivo Energy plc.  He previously spent three years as CFO for Williams Grand
Prix Holdings plc and 16 years in a wide range of senior finance and
leadership roles at British American Tobacco.  Doug will be appointed to the
Board as an Executive Director in summer 2022.

 

Lawrence Stroll, Executive Chairman of Aston Martin Lagonda, said: "I am
extremely pleased to be welcoming Doug Lafferty to Aston Martin.  His
experience as a FTSE 250 CFO, his work for the Williams racing team and his
multinational experience make him a phenomenal addition to our leadership
team.  On behalf of the Board, I would like to reiterate our thanks to Ken
Gregor for the significant role he has played at Aston Martin Lagonda and for
his continued hard work and dedication."

 

Tobias Moers, Chief Executive Officer of Aston Martin Lagonda, said: "Doug is
a high-calibre CFO who will be a fantastic asset to Aston Martin and is going
to be a great fit for our team.  I look forward to working closely with him
when he joins the business this summer."

 

Doug Lafferty said: "This is an exciting time to join Aston Martin, with the
company establishing a stunning product pipeline, a renewed culture of
operational excellence and a world-class leadership team.  I look forward to
playing my part in this new era for Aston Martin under the leadership of
Lawrence and Tobias."

 

 

 

 

Regulatory Disclosure

The Company confirms that, in respect of Listing Rule 9.6.13R(1), Mr Lafferty
was a Director of Williams Grand Prix Holding plc (September 2017 to September
2020) and is currently the Chief Financial Officer of Vivo Energy plc, and in
respect of Listing Rule 9.6.13R(3) Williams Grand Prix Holding plc was placed
in a members voluntary liquidation on 27 October 2020. In respect of Listing
Rules 9.6.13R (2) and (4)-(6), there are no details to disclose.

 

 

Remuneration Arrangements
Mr Lafferty's service agreement, remuneration and benefits are consistent with
Aston Martin Lagonda's Remuneration Policy as approved by shareholders at the
AGM in June 2019.

-  Base salary of £450,000 per annum

-  Annual bonus opportunity of up to 150% of salary

-  Pension in line with the majority of the workforce and other non-cash
benefits in accordance with the Remuneration Policy

-  Annual award under the Long-Term Incentive Plan of up to 200% of salary

 

The Company has also agreed to compensate Mr Lafferty for the incentives he
will forfeit on leaving his current employer.  These buyout awards are
consistent with the Company's Remuneration Policy and will be set out in the
2021 Directors' Remuneration Report.

 

 

 

 

Enquiries

 Investors and Analysts

 Charlotte Cowley    Director of Investor Relations              +44 (0)7771 976764

charlotte.cowley@astonmartin.com
 Holly Grainger      Deputy Head, Investor Relations             +44 (0)7442 989551

holly.grainger@astonmartin.com
 Brandon Henderson   Senior Manager, Investor Relations          +44 (0)7585 326704
                                                                 brandon.henderson@astonmartin.com
 Media

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

kevin.watters@astonmartin.com
 Paul Garbett        Head of Corporate and Brand Communications  +44 (0)7501 380799

paul.garbett@astonmartin.com
 Grace Barnie        Corporate Communications Manager            +44 (0)7880 903490
                                                                 grace.barnie@astonmartin.com
 Tulchan Communications

 Harry Cameron and Simon Pilkington                              +44 (0)20 73534200

 

 

No representations or warranties, express or implied, are made as to, and no
reliance should be placed on, the accuracy, fairness or completeness of the
information presented or contained in this release. This release contains
certain forward-looking statements, which are based on current assumptions and
estimates by the management of Aston Martin Lagonda Global Holdings plc
("Aston Martin Lagonda"). Past performance cannot be relied upon as a guide to
future performance and should not be taken as a representation that trends or
activities underlying past performance will continue in the future. Such
statements are subject to numerous risks and uncertainties that could cause
actual results to differ materially from any expected future results in
forward-looking statements. These risks may include, for example, changes in
the global economic situation, and changes affecting individual markets and
exchange rates.

 

Aston Martin Lagonda provides no guarantee that future development and future
results achieved will correspond to the forward-looking statements included
here and accepts no liability if they should fail to do so. Aston Martin
Lagonda undertakes no obligation to update these forward-looking statements
and will not publicly release any revisions that may be made to these
forward-looking statements, which may result from events or circumstances
arising after the date of this release.

 

This release is for informational purposes only and does not constitute or
form part of any invitation or inducement to engage in investment activity,
nor does it constitute an offer or invitation to buy any securities, in any
jurisdiction including the United States, or a recommendation in respect of
buying, holding or selling any securities.

 

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