LONDON (UK) – Aston Martin on Monday nominated Kenneth Gregor, who was the former financial chief at Jaguar Land Rover, as its new chief financial officer in a bid to tap experienced management to help revive the 107-year-old firm’s fortunes.
Gregor, 53, will be tasked with helping with the turnaround of the company, which is slashing jobs and sports car production as it struggles with a deep first-quarter loss following a slump in sales due to the coronavirus outbreak.
With over 20 years of experience, Gregor takes over from interim CFO Viki Bhatia. His appointment comes nearly a month after Aston Martin confirmed that Tobias Moers, chief executive officer of Mercedes-AMG, would become its CEO on Aug. 1.
“He is a seasoned financial professional … he supported the successful execution of its (JLR’s) growth plans, through product expansion, with robust financial planning and capital allocation policies,” Chairman Lawrence Stroll said.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field