'Palmer has to leave Aston Martin, Mercedes top man becomes new CEO'

24-05-2020 18:43 | Updated: 24-05-2020 20:52
by GPblog.com
F1 News
'Palmer has to leave Aston Martin, Mercedes top man becomes new CEO'

According to Financial Times reports, due to a reorganisation at Aston Martin, CEO Andy Palmer will no longer be available. The 56-year-old British top executive is rumored to leave and will allegedly be succeeded by Tobias Moers. This German is now still Mercedes-AMG President and CEO, so the ties between Aston Martin and Mercedes are being strengthened.

Lawrence Stroll has been the owner of Racing Point for several years, but recently the billionaire also owns Aston Martin. The British brand was financially grounded and rescued by the Stroll consortium. As a result of the takeover, Racing Point will be known as Aston Martin in Formula 1 from 2021.

Stroll is a good friend of Mercedes and that will become clear once again if these rumours prove to be true. The ties with Mercedes are already close anyway, as Racing Point is already driving the world champion's engines and also uses some Mercedes-manufactured parts. The wind tunnel of the Germans is also used by the team of drivers Sergio Perez and Lance Stroll.

No confirmation from Aston Martin

In conversation with RaceFans.net, Aston Martin did not want to comment on the rumor: "We noted recent press speculation. The company confirms that it is reviewing its management team and a further announcement will be made when it's appropriate."

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