Aston Martin CEO quits with immediate effect

Tobias Moers, chief executive of Aston Martin Lagonda, has stepped down from his role after just two years at the helm of the prestigious British sportscar company.

Moers is expected to be replaced by Aston non-executive director and former Ferrari executive Amedeo Felisa.

Moers, who was previously the head of Mercedes' AMG division, was appointed to Aston Martin in May 2020 by executive chairman Lawrence Stroll, also the owner of Aston Martin F1.

But according to unconfirmed reports, "strategic differences" have led to a fall-out between the two men. It's unlikely that the specifics of Moers' departure will be made clear.

Stroll, who put together the consortium of investors that took over Aston Martin in early 2020, has since overseen a healthy increase in revenue for the luxury car manufacturer and a significant reduction of the company's pre-tax losses.

"There is a need for the business to enter a new phase of growth with a new leadership team and structure to ensure we deliver on our goals," Stroll said in a statement published on Wednesday.

"Our new organisational framework will support the company to its full potential, foster greater collaboration, a more cohesive way of working, both internally and externally, especially with our strategic partners, including Mercedes-Benz AG, and further accelerate technology transfer programmes with the Aston Martin Aramco Cognizant Formula 1 Team.

"We believe these changes will bring significant long-term benefits to everyone involved with Aston Martin."

Read also:

• Former F1 team boss: Aston 'going nowhere' under Stroll

Aston Martin Lagonda's management shakeup won't impact the brand's involvement in F1. However, rumors of Audi's interest in the Silverstone-based squad continue to linger in the F1 paddock.

The German manufacturer, along with its VW affiliate Porsche, received the green light from the group's board to enter F1 in 2026.

But while Porsche is expected to partner with Red Bull in F1, Audi has yet to decide with which team it will enter the sport.

The German manufacturer reportedly held talks with McLaren, but the latest reports have singled out Aston Martin and Williams as the most probable candidates for a partnership with or a takeover by Audi.

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