Aston Martin named Doug Lafferty, a former govt on the Williams System One group, as its chief monetary officer, changing Kenneth Gregor.
The automaker stated in December that Gregor would step down for personal reasons after 18 months within the function.
Lafferty has been CFO of Vivo Power, an Africa-based gas retailer, since final February. Earlier than that, he was CFO at Williams Racing from September 2017 till September 2020. He beforehand held a variety of administration positions at British American Tobacco.
Gregor, who had labored at Jaguar Land Rover for greater than twenty years, was recruited in mid-2020 quickly after former Daimler AMG boss Tobias Moers was appointed as CEO to assist the greater than century-old Aston Martin navigate a hunch in gross sales due the coronavirus outbreak.
In November, Aston Martin, whose shares have tumbled since its 2018 market debut, posted a third-quarter pre-tax lack of 97.9 million kilos ($130.01 million), whilst gross sales doubled to 1,349 vehicles — pushed by demand for its first SUV, the DBX.
Moers’ job could be in jeopardy due to the automaker’s persevering with monetary woes, in line with current studies. Earlier this month, Aston Martin parted methods with System One group CEO Otmar Szafnaur after a disappointing 2021 season.