Aston Martin Lagonda has confirmed on Tuesday that it will replace its chief executive officer, Andy Palmer with the current head of Mercedes-AMG, Tobias Moers.
The Gaydon-based company has announced the departure of Dr Andy Palmer whose place as Chief Executive Officer will by occupied by Tobias Moers. Palmer has held this role since 2014. Under his leadership, the company has achieved important targets, including renewing its sports car range with the DB11, Vantage and DBS Superleggera and introducing its first SUV.
Palmer said that „it has been a privilege to serve Aston Martin Lagonda for almost six years. The launch of many new products including the new DBX demonstrates the dedication and capability of our employees. I am proud of you all and it’s been an honour to work with you.”
The 54-year-old Tobias Moers has been working at Mercedes-AMG, the high performance arm of Daimler since 1994, having been most recently the boss of that department. The German will join the British company on August 1.
Moers’ „energy will be dedicated to building on the Company’s inherent strengths, its brand, its engineering prowess, and the skills of its people to enable Aston Martin to become one of the pre-eminent luxury car brands in the world”, said the Aston Martin Lagonda statement.
NEWS: Aston Martin Lagonda is pleased to announce the appointment of Tobias Moers, as Chief Executive Officer.— Aston Martin (@astonmartin) May 26, 2020
Tobias, 54, will take over from Andy Palmer and will formally join on 1 August 2020.https://t.co/fMrO0ok3NV#AstonMartin pic.twitter.com/9CJOBdNdxH
Lawrence Stroll, Aston Martin Lagonda Executive Chairman said that the Board of the company felt that the time for new leadership has arived in order to deliver the new plans of the British luxury carmaker amid the uncertainty presented by the coronavirus crisis.
„I would like to thank Andy for his hard work, personal commitment and dedication to Aston Martin Lagonda since 2014. In that time the Company has successfully renewed its core sports car range, with the DB11, Vantage and DBS Superleggera and has brought the brand’s first SUV, DBX to a point of readiness for deliveries to start in the summer.”
„Furthermore, the development of the era-defining Aston Martin Valkyrie hypercar has paved the way for the mid-engined range to come. I would also like to recognise his leadership through the current challenges and uncertainties presented by COVID-19,” he concluded.