22nd Mar 2024 08:55
(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Friday revealed the name of the company's new leader, expected to commence in the role before the end of the year.
The Gaydon, England-based car manufacturer has appointed the "ultra-luxury automotive leader" Adrian Hallmark as its new chief executive officer.
Until Friday morning's announcement, Hallmark served as Chair and CEO of Volkswagen AG's Bentley Motors Ltd, a position he has held since 2018.
Aston Martin said that Hallmark brings "more than 25 years of highly successful senior automotive experience from the US, Europe, and Asia".
Hallmark replaces Amedeo Felisa, who has served as CEO since May 2022.
In order to ensure a smooth leadership transition, Aston Martin said that Felisa will remain in the position until Hallmark begins in the role, expected no later than October 1.
Commenting on the leadership change, Chair Lawrence Stroll said: "In Adrian Hallmark, we are attracting one of the highest calibre leaders not just in our segment, but in the entire global automotive industry. Complementing our world-class leadership, Adrian will bring to Aston Martin unrivalled experience in both the ultra-luxury and British manufacturing sectors to progress our strategy and continue recent momentum."
Shares in Aston Martin were up 1.4% at 172.90 pence each in London on Friday morning.
By Hugh Cameron, Alliance News reporter
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