Hyperdrive
Aston Martin CEO to Step Down, Be Replaced by Ex-Ferrari Chief
- Amedeo Felisa to replace Tobias Moers at luxury-car maker
- British firm has been struggling with its turnaround plan
Tobias Moers
Photographer: Patrick T. Fallon/Bloomberg
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Aston Martin Lagonda Global Holdings Plc is turning to a veteran executive who left the helm of Ferrari NV six years ago to turn around the British luxury-car maker.
Aston Martin named current board member Amedeo Felisa as chief executive officer to replace German manager Tobias Moers, who struggled with a slower-than-expected ramp up of the 2.4 million-pound ($3 million) Valkyrie supercar. Felisa, 75, will focus on overhauling Aston Martin’s technical team by hiring staff and promoting internal talent.