Via Reuters Finance

Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden

(Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday.

The luxury carmaker will name Tobias Moers, CEO of Mercedes-AMG, as Palmer’s replacement in an announcement scheduled for Tuesday, the report on.ft.com/2LTQhK1 said.

The newspaper said Palmer had not been informed of the upcoming announcement and declined to comment further.

The company did not immediately reply to Reuters request for a comment.

Reporting by Aishwarya Nair in Bengaluru; editing by David Evans


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