Aston Martin Lagonda Regulatory News (AML)

1 November 2022

Aston Martin Lagonda Global Holdings plc

Appointment of Non-executive Directors and Board Committee appointments

Aston Martin Lagonda Global Holdings plc (the "Company") announces the appointment of Ahmed Al-Subaey and Frederick Robertson to the Board as representative Non-executive Directors of the Public Investment Fund, with effect from 1 November 2022. The appointments are made in accordance with the Relationship Agreement entered into between the Company and the Public Investment Fund on 29 July 2022. 

Ahmed Al-Subaey is Chief Executive Officer of Bahri, the National Shipping Company of Saudi Arabia, which is listed on the Saudi Stock Exchange. Mr Al-Subaey holds a BSC and Masters degree in electrical engineering from the University of Arizona and an executive MBA from Stanford University. 

Frederick Robertson is Senior Director and Head of Public Investments, International Investments Division at the Public Investment Fund. Mr Robertson started his career as an investment analyst having studied economics at Cornell University. Mr Robertson will be appointed as a member of the Nomination Committee and an observer to both the Audit and Risk Committee and Remuneration Committee with effect from 1 November 2022.

Lawrence Stroll, Executive Chairman of Aston Martin, said: "I am delighted to welcome Ahmed Al-Subaey and Frederick Robertson as PIF's appointed representatives to the Board. These appointments are an important part of our relationship with PIF, our second largest shareholder".

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

The Company further announces the appointment of Sir Nigel Boardman as a member of the Nomination Committee and Audit and Risk Committee with effect from 1 November 2022. As previously announced, Sir Nigel was appointed as an independent Non-executive Director of the Company on 1 October 2022.

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