Aston Martin boosts its board with seasoned business leaders ahead of IPO
London — Aston Martin has lined up experienced FTSE executives to boost its board as the 105-year-old luxury carmaker presses ahead with plans to list on the London Stock Exchange, it said on Monday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it was pursuing an initial public offering (IPO), the first British carmaker to do so for decades. Penny Hughes, who has previously worked at FTSE companies Vodafone and supermarket WM Morrison, will become Aston’s first non-executive chair of the board when the flotation takes place, Aston Martin said. Richard Solomons, who was CEO of InterContinental Hotels from 2011 to 2017, will become a senior independent director and chair of the board’s audit and risk committee. "The independent directors will bring significant experience to the board as we prepare to float and deliver fully on our business plan commitments," said CEO Andy Palmer. The news came as China’s Geely delayed the pl...
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