(Alliance News) - Aston Martin Lagonda Global Holdings PLC is on the hunt for a successor to Amedeo Felisa as chief executive officer, according to Bloomberg.
A report said Executive Chair Lawrence Stroll has contacted current and former heads of other luxury auto manufacturers to gauge interest in the role, citing people familiar with the matter.
https://www.bloomberg.com/news/articles/2024-02-06/aston-martin-is-hunting-for-its-fourth-ceo-in-as-many-years?utm_source=website&utm_medium=share&utm_campaign=copy
It would mark the fourth change in CEO at the luxury car manufacturer in as many years.
Stroll tapped Felisa, 77, to be CEO in May 2022, replacing former Mercedes-AMG boss Tobias Moers, who spent less than two years in the job. His predecessor, Andy Palmer, left months after Stroll rescued Aston Martin in early 2020.
In November, the Gaydon, England-based manufacturer lowered its guidance for 2023 vehicle production by about 4%.
Pretax loss narrowed to GBP117.6 million in the third quarter ended September 30 from GBP225.9 million a year before. Revenue rose by 15% to GBP362.1 million from GBP315.5 million, as wholesale volumes rose by 4.3% to 1,444 vehicles from 1,384.
Shares in Aston Martin fell 3.9% to 176.50 pence in London on Tuesday afternoon.
By Jeremy Cutler, Alliance News reporter
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Aston Martin Lagonda (AML)