Aston Martin CEO Tobias Moers departs after Lawrence Stroll rift
‘Strategic differences’ between Moers and Stroll have led to the exit with former Ferrari CEO Amedeo Felisa coming in as a replacement
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Aston Martin have parted ways with CEO Tobias Moers after what are reported to be “strategic differences” with part-owner of the F1 team, Lawrence Stroll.
Stroll - father of Aston Martin drive Lance - has invested heavily in the company, linking it up with his F1 team, and according to Carbuzz.com, the “strategic differences” between he and Moers first being reported back in January.
The report added that “details on the specifics of Moers’ departure and Stroll’s role in it are unclear, and we expect them to stay that way. Aston doesn’t want to go airing dirty laundry.”
On the F1 track, Aston Martin have suffered a dismal start to the season, with Lance Stroll and Sebastian Vettel picking up just five points between them so far, although four-time world champion Vettel did miss the first two races of the season after testing positive for Covid-19.
Aston Martin confirmed the news of Moers’ departure on Wednesday morning and in statment, Stroll Sr thanked Moers - who became CEO in August 2020 - for his time with the company.
“Firstly, I would like to extend my thanks and appreciation for all that Tobias has achieved,” said the Canadian billionaire.
“He joined Aston Martin at a critical time for the company and brought significant discipline to its operations. The benefit of these actions is clear in the improved operating performance of the company and in our great new product launches.
“There is a need for the business to enter a new phase of growth with a new leadership team and structure to ensure we deliver on our goals. Our new organisational framework will support the company to… foster greater collaboration… especially with our strategic partners, including Mercedes-Benz AG, and further accelerate technology transfer programmes with the Aston Martin Aramco Cognizant Formula One Team.”
Following Moers’ exit, former Ferrari CEO Amedeo Felisa will take up the role of Aston Martin CEO from 1 June 2022.
“Amedeo will focus on delivering the company’s continued strategic objectives, financial targets and roadmap towards electrification,” read an Aston Martin statement.
“To meet these goals, Amedeo is to implement and lead a new organisational structure with a focus on broadening the technical team through the promotion of internal talent together with added expertise of strategic external hires, identified and set to be announced in the coming weeks.”
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments