Aston Martin has appointed a new finance chief who previously worked at rival luxury car maker Jaguar Land Rover.
Kenneth Gregor has joined the firm as its new chief financial officer, bringing more than two decades of experience with Jaguar Land Rover including 11 years as its CFO.
Mr Gregor will report to newly installed executive chairman Lawrence Stroll and chief executive Tobias Moers when he joins the manufacturer in August.
Mr Moers was recently appointed as the firm’s new chief executive following the sudden departure of previous incumbent Andy Palmer.
It was announced last month that Mr Palmer would be leaving the car maker after five and half years, a tumultuous period in its history which included its stock market flotation in autumn 2018.
The number of vehicles sold by Aston Martin almost halved in the first three months of the year as it was hit by the beginning of the coronavirus crisis, causing quarterly pre-losses to soar to £118.9 million, up from £17.3 million the year before.
Aston Martin is headquartered in Gaydon, Warwickshire, and also runs a major manufacturing plant in St Athan, South Wales.
Mr Stroll said: “I am delighted to welcome Ken to Aston Martin Lagonda. He is a seasoned financial professional with a strong leadership track record during his years at Jaguar Land Rover.
“He supported the successful execution of its growth plans, through product expansion, with robust financial planning and capital allocation policies.
“He is the right finance leader for Aston Martin as we implement our strategy for the business to achieve its full potential.”
Interim chief financial officer Viki Bhatia will remain at the company for a transition period.
Mr Gregor added: “There is an exciting opportunity to build on the company’s inherent strengths, its brand, its engineering prowess and the skills of its people to enable Aston Martin to become a sustainably profitable business.
“I am looking forward to working with Lawrence, Tobias and the whole Aston Martin team to build a stronger business for our customers, our employees, our partners and our shareholders.”