Aston Martin has officially confirmed that Mercedes-AMG chairman Tobias Moers will join the team on August 1 as their new CEO.
Given the friendship between executive chairman and shareholder Lawrence Stroll and Mercedes boss Toto Wolff, there was an expectation that he would be the first Silver Arrows member to jump ship as Aston Martin prepares to make its return to F1 as a fully-fledged works team.
But Stroll’s revamp has seen Moers take over the CEO reins from Andy Palmer, who has left with immediate effect.
“He is an exceptionally talented automotive professional and a proven business leader with a strong track record during his many years at Daimler AG, with whom we have a long-standing and successful technical and commercial partnership, which we look forward to continuing,” said Stroll upon official confirmation.
“Throughout his career he has delivered product expansion, strengthened brand positioning and improved profitability.
“He is the right leader for Aston Martin Lagonda as we implement our strategy for the business to achieve its full potential.
“Our ambition for the company is significant, clear and only matched by our determination to succeed.”
Reigning vice-president Keith Stanton is on temporary CEO duties until Moers arrives.
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