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Aston Martin boss headed towards the exit
Aston Martin CEO Andy Palmer is reportedly on his way out of the door, set to be replaced by AMG boss Tobias Moers. The reshuffle comes a trying two years for the luxury carmakery, with its valuation plummeting from £4.3bn in 2018 to £540m after it was floated. 'The company confirms that it is reviewing its management team and a further announcement will be made as and when appropriate,' Aston Martin said. AMG boss Moers is expected to be announced as Palmer's replacement. Aston Martin recently received a massive cash injections courtesy of investor Lawrence Stroll, who not only bought shares in the business but also, at least reports suggest, persuaded his good friend and Mercedes...
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4y ago from PlanetF1.com
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