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Aston Martin finance chief to leave for personal reasons

Gregor will depart as finance chief and executive director no later than June 30, 2022, and the board has initiated a process to appoint a replacement, the British company said.

After a more than two-decade stint at Jaguar Land Rover, Gregor was recruited in mid-2020 soon after Mercedes’ Tobias Moers was appointed as chief executive to help the more than century-old Aston Martin navigate a slump in sales due the coronavirus outbreak.

“Over the last 18 months, Ken has played a significant role in rebuilding Aston Martin Lagonda’s financial position and setting the business on a strong pathway for the future,” Executive Chairman Lawrence Stroll said.

In November, Aston Martin, whose shares have tumbled since its 2018 market debut, posted a third-quarter pre-tax loss of 97.9 million pounds ($130.01 million), even as sales doubled to 1,349 cars — driven by demand for its first sport utility vehicle, the DBX.

($1 = 0.7530 pounds)

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