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Aston Martin is hunting for a new CEO – Bloomberg News
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(Reuters) – British luxury carmaker Aston Martin is reaching out to current and former heads of automakers to succeed Amedeo Felisa as its chief executive officer, Bloomberg News reported on Tuesday, citing people familiar with the matter.
(Reuters) – British luxury carmaker Aston Martin is reaching out to current and former heads of automakers to succeed Amedeo Felisa as its chief executive officer, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Aston Martin declined to comment on the report, which did not mention who the company has contacted or why it was looking to replace Felisa.
Former Ferrari NV boss Felisa took the helm at Aston Martin in May 2022, succeeding Tobias Moers who stepped down after less than two years in the role.
Since then, Aston Martin’s shares have lost about 42% as the company grappled with supply chain and logistics snags that were exacerbated by lockdowns in China, the Ukraine war and soaring costs.
In November, the company tempered its volume outlook for 2023 due to production issues for its new DB12 sports car.
(Reporting by Eva Mathews in Bengaluru; Editing by Savio D’Souza)
A luxury carmaker is a manufacturer that produces high-end vehicles characterized by superior quality, performance, and features, often targeting affluent consumers who seek exclusivity and prestige in their automotive choices.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders, including management, the board of directors, shareholders, and other parties.
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, or other financial instruments.
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