Andy Palmer Out At Aston Martin, Tobias Moers To Take Over As CEO August 1st

Following a flood of rumors that emerged this week regarding a potential shift at the CEO position, Aston Martin has officially confirmed that long time CEO Dr. Andy Palmer has stepped down, with current Mercedes AMG CEO Tobias Moers being appointed to replace him, with Moers fully assuming his new role on August 1st. Palmer’s exit comes as the company is currently trying to navigate its way through rough seas financially, with the company’s share price trending downward since it was allowed to float publicly in October of 2018. Things reached a sobering new low earlier this month, when the …

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