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