Mercedes-AMG chief executive Tobias Moers has been named as the new president and chief executive of Aston Martin, replacing Andy Palmer at the British luxury car manufacturer. Moers, who held his current position with Mercedes-Benz’s high performance subsidiary since October 2013, will succeed Palmer on 1st August. Palmer will officially leave Aston Martin at the end of May. In the time being, Keith Stanton, currently vice president and chief manufacturing operations officer at Aston Martin, has been appointed interim chief operating officer to support the executive chairman, Lawrence Stroll. The Canadian billionaire announced his investment in the iconic brand in January. Moers, 54, will be tasked with reviving the ailing British company, which has seen its value plummet following a slew of poor financial results.
Read more at: