Racing Point team owner Lawrence Stroll has appointed a long-time Mercedes executive as the new president of carmaker Aston Martin.
Tobias Moers, who has spent more than 25 years in senior roles at Mercedes’ parent company Daimler, will take over from Aston Martin’s current president and group chief executive Dr Andy Palmer. Moers has spent the last seven years in charge of performance division Mercedes AMG as chairman of its management board and chief executive officer.
Stroll said Moers is “an exceptionally talented automotive professional and a proven business leader with a strong track record during his many years at Daimler AG, with whom we have a longstanding and successful technical and commercial partnership, which we look forward to continuing.”
“He is the right leader for Aston Martin Lagonda as we implement our strategy for the business to achieve its full potential,” Stroll added. “Our ambition for the company is significant, clear and only matched by our determination to succeed.”
Moers said: “I have always had a passion for performance cars and relish the chance to work for this iconic brand which I was close to on the technical side at the beginning of the partnership between the two companies.
“Following the arrival of Lawrence, as executive chairman, the significant investment from his Yew Tree Consortium, the completion of the equity raise and the reset, I believe that there is a significant opportunity to harness the strengths of the business to successfully deliver the planned product expansion and brand elevation.”
Stroll thanked outgoing president Palmer “for his hard work, personal commitment and dedication to Aston Martin Lagonda since 2014.”
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