Aston Martin looking for its fourth CEO in four years

AutoExec Summary
Aston Martin is set to have a change in leadership, with 78-year-old Amedeo Felisa reportedly departing after less than a year in the top job. Chairman Lawrence Stroll is searching for a replacement and has contacted current and former heads of other luxury automotive brands. The high turnover of CEOs began when Andy Palmer left soon after Stroll stepped in to rescue the company in 2020. Former Mercedes-AMG boss Tobias Moers then led the company for two years before Felisa took over. Since Stroll’s acquisition, Saudi Arabia’s Public Investment Fund, China’s Zhejiang Geely Holding Group, and Lucid have also invested in the company. The BWT Racing Point Formula One team was rebranded to the Aston Martin Aramco Formula One Team in 2018.

Brands mentioned: Mercedes-AMG, Ferrari, Aston Martin, Lucid