Aston Martin Lagonda Regulatory News (AML)

8 July 2021

Aston Martin Lagonda Global Holdings plc

Directorate and Company Secretary Changes

Aston Martin Lagonda Global Holdings plc (the "Company") announces the following changes to the Board and its Committees to support the Company in its future ambitions.

Amedeo Felisa, Natalie Massenet DBE and Marigay McKee are appointed to the Board as independent non-executive directors. Stephan Unger's role at the Daimler Group has changed and he is stepping down from the Board. Franz Reiner is being appointed in his place as the representative non-executive director of Mercedes-Benz AG. Each appointment is effective from 8 July 2021.

The following changes will be made to Board Committees:

· Amedeo Felisa will join the Audit and Risk Committee

· Natalie Massenet DBE will join the Remuneration Committee

· Franz Reiner will join the Nomination Committee and become an observer on the Remuneration and Audit and Risk Committees.

Following these appointments, the Board and its committees will be compliant with the UK Corporate Governance Code and female representation on the Board will be just under 30%. Under our Board Diversity Policy, the Board seeks to maintain a balance so that, as a minimum, one third of the Board not subject to significant shareholder appointments are women, with these appointments today that percentage is 38%.

Executive Chairman, Lawrence Stroll said: 

"I said in the Annual Report and at our AGM, having refreshed the Board earlier in the year, we were focused on diversity as a priority. I am very pleased to be announcing these appointments today. Amedeo, Natalie, Marigay and Franz are strong additions to the Board and their extensive expertise and experience of automotive and luxury will be of great value to us. This is a very important time for the Company as we execute our plans to transform Aston Martin into one of the pre-eminent luxury car brands in the world, delivering value for our customers, employees, partners and shareholders alike. I would also like to thank Stephan for his contribution to the Board and wish him well in his new role at Daimler Group."

The Company confirms that there is no further information to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct Authority with regard to any of these appointments.

The Company further announces that with effect from 30 June 2021 Rachael Hambrook has been appointed Interim Company Secretary following the departure of the previous Company Secretary.

Biographies:

Amedeo Felisa currently serves as Chairman of Atop S.p.A. where he served as Executive Chairman between April 2017 and September 2019 when the company was sold to IMA Group (Amedeo currently also acts as Senior Adviser to the Chairman of IMA Group). Amedeo was the CEO of Ferrari S.p.A. from 2008 until June 2016 and prior to this from 2006 until 2008 he served as General Manager and Deputy General Manager of Ferrari. From 1996 until 2004 he was the General Manager of the Ferrari GT department, coordinating the product development, powertrains and vehicle departments of both Ferrari and Maserati with respect to the market positioning of the two brands.

In the 1990s, as a technical Senior Vice President of Ferrari, Amedeo oversaw the planning, coordination and management of the entire technical department, including defining new business model plans, supervising the development of both innovation and products and managing the product development teams, including ensuring employee growth. Prior to joining Ferrari, he was a product development team leader at Alfa Romeo S.p.A. Amedeo holds a degree in mechanical engineering from the Milan Polytechnic University.

Natalie Massenet is Co-Founder and Managing Partner at Imaginary Ventures, a capital firm focusing on innovations at the intersection of retail and technology. Imaginary Ventures invests in best-in-class brands, platforms and entrepreneurs that are actively changing how a new generation of consumers live, eat and shop. Natalie revolutionised luxury retail when she founded NET-A-PORTER in 1999 and subsequently, The Outnet and Mr Porter growing the group of brands into one of the world's most influential fashion businesses operating across retail, media and publishing platforms and in the process shaping an extraordinary experience for the global luxury fashion consumer.

Natalie began her career as a journalist and fashion editor, working at WWD (Women's Wear Daily) and Tatler before setting up Net-A-Porter. In 2016 she was made Dame Commander of the British Empire in recognition of her contributions to the UK fashion and retail industry. Natalie was also named as one of the 100 most influential people by TIME magazine.

Marigay McKee is a co-founder and Managing Partner of Fernbrook Capital Management LLC. Fernbrook invests globally in revenue-stage digitally-native brands and enterprise services, tools and software that power the consumer industry. Fernbrook is a female-led venture firm, with a diverse and inclusive group of portfolio company founders and management teams.

Marigay launched her career at Estée Lauder in Europe, subsequently joining Harrods as head of its beauty department. In her 14 years at Harrods, she spent the last six as Chief Merchant Officer. She developed and executed a strategic vision to make Harrods the gold standard for the exclusive launch of luxury and premium brands. Marigay was responsible for spotting the emerging brands, concepts, trends, and services that could challenge larger, more well-established brands. In 2013, Marigay was recruited to become the President of Saks Fifth Avenue. Through initiating a new branding, marketing and packaging strategy, and rebuilding Saks' luxury launch platform for new and emerging and international brands entering the US market significant growth was delivered.

In 2015, Marigay formed a consultancy firm (MM Luxe Consulting) to deliver strategic retail advisory services for clients, including Related, Blackstone, Edens, and Value Retail. Marigay is currently also on the advisory council of EShopWorld, and the boards of both The Webster and The Shed.

Franz Reiner has been the CEO of Daimler Mobility AG since June 1, 2019. The company finances and leases every second vehicle delivered by Daimler. Under his management, Daimler Mobility has established itself viable for the future with its three core activities financial services, fleet management, and digital mobility solutions. As CEO of Daimler Mobility, Franz is leading the company into a future of flexible and sustainable mobility concepts as well as innovative and digital financing solutions of tomorrow.

Since joining the company in 1992, the industrial engineer has held various positions, including Head of Sales & Marketing and Member of the Management Board for the private and corporate customer business of Mercedes-Benz Bank. In 2009, Franz was appointed to the Management Board of Daimler Mobility - initially responsible for the North and South America region, and from 2011 for the region Europe.

The membership of the Board and Board Committees following these appointments will be as follows: