Aston Martin replaces chief Tobias Moers in management overhaul

Aston Martin will replace its chief executive and overhaul its management structure as the luxury carmaker seeks to rebuild its technical team ahead of a push into electric vehicles.

Tobias Moers, who was poached two years ago from Mercedes AMG by chair Lawrence Stroll, will leave the board immediately and be replaced by former Ferrari chief executive Amedeo Felisa, the company confirmed on Wednesday. The Financial Times reported the moves on Tuesday.

The shake-up comes as Aston reported a pre-tax loss of £111mn for the first quarter, widening the £42mn loss of a year earlier, on a 4 per cent rise in sales to £233mn.

Stroll said on Wednesday there was a “need for the business to enter a new phase of growth with a new leadership team and structure to ensure we deliver on our goals”.

Moers will leave after presiding over a collapse in morale at the business as he oversaw a turnround of the luxury carmaker.

Stroll, who led a bailout of the company in 2020, brought him into the business as chief executive and chief technical officer.

He was forensic in detail and engineering knowledge, but became known for a robust management style.

Dozens of senior employees have left the company during Moers’ two-year tenure, according to FT calculations and details from people inside and around the company, though many have been replaced.

The group appointed Roberto Fedeli, the Italian engineer behind the Ferrari hypercar “LaFerrari”, on Wednesday as its chief technical officer.

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