Industry news sources have revealed a number of significant changes at Aston Martin, including a major financing deal and a change in senior management.
Change number 1:
Aston Martin has confirmed a partnership deal with industrial solutions and investment company Investindustrial.
The completed deal, which was announced in December 2012, brings £150m worth of investment to Aston Martin.
Aston Martin will use the money to underpin a £500m five-year product development programme, which will be supported by Aston’s partners The Investment Dar, Adeem Investment and Investindustrial.
The new backer, Investindustrial, is claimed to be one of Europe’s leading investment groups, managing £2.6 billion worth of assets.
Investindustrial states that it “provides industrial expertise, operational focus and global platforms to accelerate value creation and international expansion.”
With substantial support, Aston Martin says it is now “well positioned to realise its ambitious growth strategy”.
The manufacturer will remain based at Gaydon, where its headquarters and factory are currently based.
Change number 2:
Dr. Ulrich Bez, the man largely responsible for the modern range of Aston Martin vehicles, is expected to step down from his post as CEO, Autocar UK reports
Bez’s departure as CEO will leave a huge hole in the Aston Martin’s management, ending a 13-year run that began when he assumed the job as chief executive and chairman back in July 2000.
As soon as he vacates his CEO seat, Bez is expected to remain with the company and serve more of an ambassadorial role in the company. That’s a good thing for Aston Martin because Bez’s imprint in the British automaker is unmistakable.
In addition to being the driving force behind the recent range of Aston Martin models, Bez also led the company’s move to build a world-class manufacturing facility in Gaydon, among his many accomplishments.
Aston Martin has yet to confirm Bez’s departure, but according to Autocar, a new CEO will be named later this year.
Source: Autocar UK