Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer who stepped down on Monday.
The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed.
"The Board has determined that now is the time for new leadership to deliver our plans," the company said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
0 Comments
For the latest auto news and reviews, follow CarandBike on Twitter, Facebook, and subscribe to our YouTube channel.
