Aston Martin appoints Mercedes-AMG chief Tobias Moers as CEO – The National

Aston Martin appoints Mercedes-AMG chief Tobias Moers as CEO – The National

Aston Martin appoints Mercedes-AMG chief Tobias Moers as CEO. Mr Moers replaces Andy Palmer who is leaving the firm after its shares plunged nearly 94% since going public in 2018. Aston Martin appointed Tobias Moers, who heads the AMG performance arm of Mercedes-Benz, as its new chief executive on Tuesday after the company's share price plunged nearly 94 per cent since going public in 2018.. Mr Moers replaces Andy Palmer, the Nissan veteran who has headed the luxury car maker made famous by James Bond movies since 2014.. Mr Moers, 54, will be appointed to the board of the company as an executive director and will be based at the car maker's headquarters in Gaydon, Warwickshire as of August 1, 2020, Aston Martin said in a regulatory filing to the London Stock Exchange on Tuesday.. "The board has determined that now is the time for new leadership to deliver our plans," Mr Stroll said, adding that Mr Moers is "the right leader for Aston Martin Lagonda".. Mr Palmer joined Aston Martin in 2014, from Japan's Nissan where he was the No 3 executive and worked alongside Carlos Ghosn, who was ousted from the company in 2019 for alleged