Aston Martin poaches Bentley CEO in new shake up / Photo: Niklas HALLE'N - AFP
-
Niraj Kumar earns Los Angeles Olympic quota with 50m rifle bronze
-
Delhi gold loses Rs 800 while silver falls Rs 5,000
-
India extends micro-credit guarantee plan for five years
-
Madlanga Commission Deadline Extended to 2027 Amid Calls for Structural Justice Reform
-
Pradeep Antony, Smeha Manimegalai portray secret spouses in Mr & Mrs Office
-
Zelenskyy arrives in Dublin for meetings on Ukraine and peace efforts
-
Woman barred from every Greggs outlet after series of offences
-
Jury hears social-media image helped identify teen in Scarlett Faulkner case
-
Ketchup packets link suspect to break-in at Eddie Rocket’s restaurant
-
American Airlines passenger falls ill and vomits on three travellers
-
US Inflation Broadens as Fed Officials Consider Faster Rate Hikes
-
Spain's General Strike Links Housing Crisis to Lost Purchasing Power
-
Euro-Area Inflation Reaches 4% as Energy Prices Jump
-
China's Factory Inflation Accelerates While Consumer Demand Stays Weak
-
US Adds 165,000 Jobs as Unemployment Falls to 4.1%
-
Bank of England Raises Interest Rate to 4% as Energy Risks Intensify
-
Energy Costs Push OECD Inflation Up to 4.5%
-
OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions
-
China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
-
China's Singles' Day Exposes Persistent Consumer Caution
-
Irish police prepare for further hoax bomb threats after hundreds of schools targeted
-
Korea, Singapore and New Zealand Advance Green Trade Pact Talks
-
RBA Inflation Target Origins: Why Australia Chose a Range Over Zero
-
Ireland and Ukraine consider drone cooperation memorandum after Dublin talks
-
Sister recounts fatal machete attack as Irish murder trial continues
-
Georgia refrigeration company sues EPA after five-year HFC reprieve
-
HoloCoder technology promises brighter smartphone images and 3D depth data
-
EU proposes broad consumer safeguards for apps, subscriptions and ticketing
-
Early Black Friday Walking Pad Deals: Urevo and WalkingPad Discounts
-
Nvidia faces scrutiny over alleged Chinese intelligence link to Jensen Huang
-
Radical Numerics develops offline AI tool to detect engineered pathogens
-
Chennai orders inquiry after dogs die at shelter; two veterinarians face action
-
Kiara Advani Reveals Sidharth Malhotra’s Reaction to Toxic Backlash
-
Startup turns Chennai’s history and culture into an interactive world
-
Four firms compete to design Chennai’s model mobility corridors
-
LiveOne (NASDAQ:LVO) Reports H1 Fiscal 2027 Revenue of $37.3M and Audio Division Revenue of $36.3M with Over $7.8M Adjusted EBITDA*
-
West Palm Beach Plastic Surgeon Dr. Thomas Pane Discusses When Liposuction May Be Considered for Lipedema
-
NuRAN Wireless Highlights Recurring Revenue Economics and Growth Potential of Its 5,092-Tower Contracted NaaS Portfolio
-
GameSquare Announces Peaky Blinders Digital Fan Experience, Advancing the Company's IP Monetization Strategy
-
UFC Hall of Famer Michael Bisping Backs Xycota Biosciences' Low-Dose Psilocybin Research on PTSD and Concussion
-
SMX Bridges AI and Industrial Material Science With New Intelligence Platform
-
PodcastOne (NASDAQ:PODC) Reports Record 1H & Q2 Fiscal 2027 Financial Results; 1H Fiscal 2027 Revenue of $31.5M and Adjusted EBITDA* of $2.9M
-
SRH Total Return Fund, Inc. Increases Its Quarterly Distribution By 15% - Sixth Consecutive Annual Increase
-
Ondas Posts Record Q3 2026 Revenue of $167.5 Million on Strong Bookings and Backlog Growth; Raises Full-Year Outlook
-
Bloomia Holdings, Inc. Announces September 30, 2026 Financial Results
-
Greene Concepts Advances Bulk Water and Co-Packing Strategy
-
Amarc and Freeport Successfully Complete 2026 Joy Copper-Gold District Exploration Program
-
Nextech3D.ai to Present at the Small Cap Growth Virtual Investor Conference November 18th at 12:30 p.m. ET
-
Impauer Technologies Unveils Frictionless Gasless Transaction Routing for Pauerone Wallet V2
-
BK Technologies Reports Third Quarter of Fiscal Year 2026 Results
Aston Martin poaches Bentley CEO in new shake up
British luxury car brand Aston Martin Lagonda on Friday said Adrian Hallmark would become its chief executive, poaching him from German-owned peer Bentley where he has stepped down as CEO.
Hallmark, 61, will take the wheel at Aston Martin by October 1, replacing Italian national Amedeo Felisa, who since May 2022 has helped steer around performance at the brand.
The Briton will be the fourth chief executive in as many years at Aston, beloved by fictional British spy James Bond.
"When Amedeo was appointed CEO, I spoke of him leading a new phase of growth and development," Chairman Lawrence Stroll said of Aston's current boss.
"Two years on, we have delivered on that promise, as we near completion of our thrilling new product portfolio and move closer to our vision of becoming the world's most desirable, ultra-luxury British performance brand," he added in a company statement Friday.
Felisa, 77, said he was "incredibly proud of the progress made over the last two years, which has aligned Aston Martin for a positive future direction".
"I believe now is the right time to allow the company to transition to new leadership," he added in the statement.
A former CEO of Italian sports car manufacturer Ferrari, Felisa will remain at the helm to allow for a smooth transition.
Aston Martin said Hallmark "brings more than 25 years of highly successful senior automotive experience from the US, Europe, and Asia with companies such as Bentley, Porsche and Volkswagen".
Stroll described Hallmark as "one of the highest calibre leaders not just in our segment, but in the entire global automotive industry".
Bentley, owned by Volkswagen, noted in a separate statement that Hallmark had decided to step down also as chairman "at his own request and by mutual consent", adding the search has begun for a successor.
In line with current industry trends, Aston Martin is pushing ahead with the electrification of its cars, with an investment of about £2 billion ($2.5 billion) in the next few years.
Friday's announcement comes after Aston Martin halved annual losses in 2023 as average prices of its models hit record highs.
Pre-tax losses totalled £240 million last year, while revenue jumped almost one fifth to £1.6 billion.
S.Gregor--AMWN
