Exhibition of Aston Martin DB11 in the course of the Turin Motor Present 2018.Â
Stefano Guidi | LightRocket | Getty Pictures
LONDON — Adrian Hallmark, the skilled autos chief of luxurious model Bentley, has been appointed as new chief govt officer of Aston Martin.
The 61-year-old will begin in his new function no later than Oct. 1, the corporate introduced Friday. Outgoing chief Amedeo Felisa will stay in his submit till that point.
“He brings greater than 25 years of extremely profitable senior automotive expertise from the US, Europe, and Asia with firms reminiscent of Bentley, Porsche and Volkswagen,” Aston Martin Lagonda mentioned in a press release.
Aston Martin Government Chairman Lawrence Stroll mentioned Hallmark would carry “unrivalled expertise in each the ultra-luxury and British manufacturing sectors to progress our technique and proceed latest momentum.”
It marks yet one more management change for the corporate, which has suffered heavy losses lately which have narrowed in its 2023 results. Felisa took his place on the helm in May 2022, after his predecessor Tobias Moers lasted lower than two years within the high job.
Aston Martin Lagonda shares have been up 1.8% at 9:15 a.m. in London.
Regardless of a rebound in 2023, the corporate’s share value has fallen sharply since going public in 2018, because it has grappled with provide chain challenges, elevated prices and a big debt pile.
Aston Martin Lagonda share value.
