Aston Martin has officially announced that Andy Palmer is stepping down as President and Group Chief Executive, making way for former Mercedes-AMG CEO, Tobias Moers.
The 54-year-old German will start work on August 1 this year at the company’s headquarters in Gaydon, Warwickshire.
In an official statement issued by the company, Moers commented on his new role and his aspirations for the future of the British brand.
“I am truly excited to be joining Aston Martin Lagonda at this point of its development.
I have always had a passion for performance cars and relish the chance to work for this iconic brand which I was close to on the technical side at the beginning of the partnership between the two companies.
Following the arrival of Lawrence (Stroll), as Executive Chairman, the significant investment from his Yew Tree Consortium, the completion of the equity raise and the reset, I believe that there is a significant opportunity to harness the strengths of the business to successfully deliver the planned product expansion and brand elevation.”
Meanwhile, Moers will be replaced by Philipp Schiemer as Mercedes-AMG CEO. Schiemer is currently working as head of Mercedes-Benz in Brazil and will be joined by Jochen Hermann as Chief Technical Officer of AMG.
Both Schiemer and Hermann will assume their respective roles on August 1.
Ola Kallenius, head of Daimler AG and Mercedes-Benz, said both Schiemer and Hermann’s experience will be invaluable to the brand.
“With Philipp Schiemer and Jochen Hermann, we will have two very experienced executives leading AMG. They will be able to take AMG’s development forward, including ensuring that electrification plays a key part in our high-performance brand’s future product portfolio.”