Aston Martin Lagonda Glob.Hldgs PLC Appointment of Non-executive Director (4661H)
July 28 2023 - 2:00AM
UK Regulatory
TIDMAML
RNS Number : 4661H
Aston Martin Lagonda Glob.Hldgs PLC
28 July 2023
28 July 2023
Aston Martin Lagonda Global Holdings plc
Appointment of Non-executive Director
Aston Martin Lagonda Global Holdings plc (the "Company")
announces the appointment of Daniel Li as Geely's nominated
shareholder representative Non-executive Director, with immediate
effect. The appointment is made in accordance with the Relationship
Agreement entered into between the Company and Geely International
(Hong Kong) Limited on 18 May 2023 (the "Relationship
Agreement").
Daniel Li is Chief Executive Officer of Geely Holding Group. Mr
Li joined Geely Holding Group in 2011 as Director of t he Board, VP
and Chief Financial Officer. Mr Li has substantial executive
management experience from key accounting, financing, and corporate
management positions at several companies including Guangxi Liugong
Machinery Co., Ltd., Cummins Inc., BMW Brilliance Automotive Ltd.,
and ASIMCO.
Mr Li is currently a Director of Polestar Automotive Holding UK
PLC which is listed on Nasdaq, Volvo Car AB which is listed on
Nasdaq Stockholm, Geely Automobile Holdings Limited which is listed
on the Hong Kong Stock Exchange and is Chairman of Lotus Group
International Ltd.
Also in accordance with the terms of the Relationship Agreement,
Geely has appointed Yimin Chen as an observer to the Board. Mr Chen
is Senior Vice President, General Counsel and Chief Compliance
Officer of Geely Holding Group.
Lawrence Stroll, Executive Chairman of Aston Martin, said: "I am
delighted to welcome Daniel Li as Geely's appointed shareholder
representative to the Board and Yimin Chen as an observer to the
Board. These appointments are an important part of our relationship
with Geely and I look forward to working with them both."
In accordance with the Relationship Agreement, Mr Li will be
appointed as a member of the Company's Nomination Committee and an
observer to the Audit and Risk Committee, and Mr Chen will be
appointed as an observer to the Remuneration Committee.
The Company confirms that there is no further information to be
disclosed pursuant to paragraph 9.6.13R of the Listing Rules of the
Financial Conduct Authority with regard to Daniel Li's
appointment.
Enquiries
Investors and Analysts
Sherief Bakr Director of Investor Relations +44 (0)7789 177547
sherief.bakr@astonmartin.com
Media
Kevin Watters Director of Communications +44 (0)7764 386683
kevin.watters@astonmartin.com
Paul Garbett Head of Corporate and Brand Communications +44 (0)7501 380799
paul.garbett@astonmartin.com
Teneo
Harry Cameron +44 (0)20 7353 4200
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END
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