Luxury Cars – Luxury car maker Aston Martin adds former Ford executives to board » TechnoCodex
LONDON — Aston Martin has strengthened its board with the addition of ex-Ford Motor Co. international product chief Richard Parry-Jones and former McLaren CEO Antony Sheriff, the corporate mentioned in a regulatory filing.
The firm additionally appointed to the board Anne Stevens, a former Ford govt and ex-board member of British provider GKN, and Daimler’s Stephan Unger, who will characterize Daimler after the German automaker mentioned in October that it’ll increase its stake in Aston Martin to 20 %.
The appointment of the high-profile auto executives adds “great value” to Aston Martin, chairman and largest shareholder Lawrence Stroll mentioned in an announcement.
“This is a very important time for the company as we start to execute our plans to enable Aston Martin to become one of the preeminent luxury car brands in the world,” he mentioned.
All the appointments are non-executive positions and are efficient Feb. 1.
Richard Parry-Jones stays a key determine within the British auto trade after leaving his Ford place in 2007. He saved in contact with automotive world by becoming a member of GKN as non-executive board member in 2008 and through his personal consultancy enterprise. He can also be part-time chairman of the board for UK vendor group Marshall Motor Holdings.
Antony Sheriff helped to set up the road-car making arm of McLaren after transferring to the corporate from Fiat in 2003. He then moved to Princess Yachts, the place he stays govt chairman and CEO.
Anne Stevens is an engineer who rose at Ford to the place of chief working officer of the Americas, quitting the corporate in 2006. Stevens was twice picked as one among Automotive News Leading Women, in 2000 and 2005. In 2016, Stevens joined the GKN board. She was briefly CEO throughout the hostile takeover by Melrose in 2018, earlier than retiring.
Stephan Unger is Daimler board member chargeable for finance and controlling and danger administration of Daimler Mobility, a place he has held since 2012.
Aston Martin was rescued by Stroll early final yr after the corporate obtained into monetary difficulties. The Canadian businessman has helped safe a lot wanted finance for the corporate and has set a manufacturing goal quantity of 9,000 to 10,000 autos a yr, revenues of about 2 billion kilos ($2.7 billion); and an adjusted core revenue of 500 million kilos by monetary years 2024 or 2025.