TIDMAML
RNS Number : 1139N
Aston Martin Lagonda Global Hld PLC
28 January 2021
28 January 2021
Aston Martin Lagonda Global Holdings plc
Directorate Change
Aston Martin Lagonda Global Holdings plc (the "Company")
announces the following changes to the Board and its Committees to
support the Company in its future ambitions.
Anne Stevens, Robin Freestone, Richard Parry-Jones and Antony
Sheriff are appointed to the Board as independent non-executive
directors and Stephan Unger is appointed as the representative
non-executive director of Mercedes-Benz AG, each appointment is
effective 1 February 2021. Peter Espenhahn (Audit and Risk
Committee Chair) and Lord Matthew Carrington (Remuneration
Committee Chair) will support the Company through the publication
of the 2020 financial results and will step down from the Board at
the close of the AGM. Bill Tame will step down from the Board
immediately.
The following changes will be made to Board Committees:
-- All four new independent directors will join the
Remuneration, Audit and Risk and Nomination Committees effective 1
February.
-- Anne Stevens will take up the role of Remuneration Committee
Chair following publication of the 2020 financial results and
becomes the Workforce independent non-executive director effective
1 February.
-- Robin Freestone will take up the role of Audit and Risk
Committee Chair following the publication of the 2020 financial
results.
-- Antony Sheriff will become the Senior Independent Director effective 1 February.
-- Stephan Unger will join the Nomination Committee and become
an observer on the Remuneration and Audit and Risk Committees
effective 1 February.
-- Amr Ali Abdallah AbouelSeoud, the current representative
non-executive director of the Adeem/Primewagon group, will join the
Nomination Committee and become an observer on the Audit and Risk
Committee effective 1 February.
Following these appointments, the Board committees will be
compliant with the UK Corporate Governance Code (Code). The Board
will continue to focus on its composition and is committed to
achieving full Code compliance and increased diversity as a matter
of priority.
Executive Chairman, Lawrence Stroll said:
"I am very pleased to be announcing these appointments today.
Anne, Robin, Richard, Antony and Stephan are strong additions to
the Board and their extensive expertise and experience of
automotive and luxury will be of great value to us. 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, delivering value for our customers, staff,
partners and shareholders alike. I would like to thank Peter,
Matthew and Bill for their significant contributions and support to
the Board."
The Company confirms that there is no further information to be
disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of
the Financial Conduct Authority with regard to any of these
appointments.
FY 2020 results are planned to be announced on 25 February
2021.
Biographies:
Anne Stevens is an engineer who started her career in the
chemical industry before moving to automotive with Ford (1990-2006)
where she led a number of core manufacturing operations before
taking broader regional responsibilities. She joined the Board of
GKN in 2016 and was briefly interim CEO (2018) during the hostile
takeover by Melrose plc. Anne has held a number of non-executive
positions with Lockheed Martin (2002-2017) and with Anglo American,
since 2012, where she currently chairs the Remuneration
Committee.
Robin Freestone has held a number of executive finance roles in
the industrial sector with ICI (1985-1995), Henkel Ltd (CFO
1995-2000) and Amersham International (2000-2004) as well as in
publishing with Pearson (2004-2015), nine-years of which were as
CFO. He has wide non-executive director experience encompassing
medical devices, on-line services, and luxury fashion. He was
Senior Independent Director and Chair of the Audit Committee of
Cable & Wireless (2015-2016). He joined the Board of Smith and
Nephew plc in 2015, has been Chair of the Audit Committee and is
currently their Senior Independent Director. Having previously been
Chair of the Audit Committee of MoneySupermarket.com (2015-2019),
he is currently Chair of the Board and their Nomination Committee.
He joined the Board of Capri Holdings Ltd (previously Michael Kors
Holdings Ltd) in 2016 and is currently their Audit Committee Chair.
A qualified Chartered Accountant, Robin chairs the ICAEW's
Corporate Governance Committee and was previously Chair of 'The 100
Group' which represents the CFO's of the FTSE 100.
Richard Parry-Jones has had a long and successful career at Ford
Motor Co. (1969-2007) latterly responsible for product development
worldwide, as well as design, research and vehicle technology. He
oversaw a technical staff of 30 000 engineers, scientists and
designers across the US, Europe, APAC and LATAM. Since 2008 he has
held a number of non-executive positions, including chairing both
Network Rail (2012-2015) and Yorkshire Water (2015-2016). He was a
member of the Board of GKN (2008-2018) and Senior Independent
Director for six years. Richard is currently the Chairman of
Marshall Motor Holdings plc.
Antony Sheriff is an experienced automotive and luxury sector
executive with a strong leadership track record at both Princess
Yachts Limited (currently Executive Chairman and CEO) and McLaren
(CEO/MD 2003-2013) where he created and built the sports car
business. He previously held a number of executive positions at
Fiat Auto S.p.A. (1995-2003) and started his career at McKinsey
& Company in 1988. His executive experience and skillset spans
Product Development, Marketing, and Business Strategy. Since 2014
Antony has also held a number of non-executive and advisory
positions with innovative start-ups in the automotive and aerospace
businesses and is currently on the Boards of Rivian Automotive Inc.
and the renowned Italian design house, Pininfarina S.p.A., as well
as serving as a Board Advisor to Rimac Automobili and
Aeromobil.
Stephan Unger has held various positions in finance and control
in his career to date. After starting his professional career with
the Daimler Group in finance in 1993, from 2001-2004 he led the
Controlling & Accounting division at Mitsubishi Motors
Corporation in Japan (part of Daimler at that time). In 2004, he
was appointed Commercial Director of Mercedes-AMG GmbH and in 2008,
he was appointed Director of Corporate Controlling of the Daimler
Group. Since 2012, Stephan has been Member of the Board of
Management, responsible for Finance & Controlling and Risk
Management of Daimler Mobility. In this role, he is also promoting
the company's transformation into an integrated, digitized
financial services provider through strategic partnerships and
investments in start-ups.
Enquiries:
Investors and Analysts
Charlotte Cowley, +44 (0)7771 976764
Director of Investor Relations charlotte.cowley@astonmartin.com
Brandon Henderson +44 (0)7585 326704
Senior Manager, Investor Relations brandon.henderson@astonmartin.com
Media
Kevin Watters, +44 (0)7764 386683
Director of Communications kevin.watters@astonmartin.com
Grace Barnie, +44 (0)7880 903490
Corporate Communications Manager grace.barnie@astonmartin.com
Tulchan Communications
Harry Cameron and Simon Pilkington +4 (0)20 73534200
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