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
Ella
South
Investor Relations Analyst
+44 (0) 7776 545420
ella.south@astonmartin.com
Media
Kevin
Watters
Director of Communications
+44 (0) 7764 386683
kevin.watters@astonmartin.com
Paul Garbett
Head
of Corporate & Brand Communications
+44 (0) 7501 380799
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.