Automotive News: Aston Martin looking for its 4th CEO in 4 years

Aston Martin’s latest CEO, ex-Ferrari boss Amedeo Felisa, is reportedly departing the company as its chairman Stroll looks for another leader.

78-year-old Amedeo Felisa is reportedly set to depart the British supercar manufacturer after less than a year in the top job.

Automotive News Europe reports chairman Lawrence Stroll is on the hunt for a replacement, and has contacted multiple current and former heads of other luxury automotive brands, according to people familiar with the matter.

An Aston Martin spokesperson reportedly declined to comment.

The high turnover of CEOs began when Andy Palmer left the top job soon after Lawrence Stroll stepped in to rescue Aston Martin in 2020 in conjunction with the Yew Tree Consortium he leads.

Since then, Saudi Arabia’s Public Investment Fund (PIF) bought a large amount of shares in the British manufacturer, along with China’s Zhejiang Geely Holding Group and Lucid – an American electric vehicle manufacturer also supported by the PIF.

Former Mercedes-AMG boss Tobias Moers then took charge after Palmer left and led the company for two years.

Rumors at the time suggested strategic differences led to Mr Moers’ departure. CAR Magazine reported he wanted to establish a development base for the firm in Germany while Mr Stroll wanted to invest in a new northern Italy hub.