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LONDON - Aston Martin (LON:AML) Lagonda Global Holdings plc (LSE:AML) has announced that Robin Freestone, the Independent (LON:IOG) Non-executive Director and Chair of the Audit and Risk Committee, will step down from the board effective 28 February 2025. This move will follow the company's full year results announcement for 2024.
The luxury car manufacturer stated that the search for a successor to Freestone, who has served on the board for four years, begins today. Freestone's departure was disclosed in compliance with UK Listing Rule 6.4.6R.
Lawrence Stroll, Executive Chairman of Aston Martin, expressed gratitude for Freestone's contributions, stating, "We have greatly benefited from Robin's experience and guidance and wish him well for the future."
The company has not yet named a replacement for Freestone, who also served on the Nomination and Remuneration Committees. The announcement is expected to draw attention from investors as the board seeks to maintain its governance standards and oversight capabilities.
This transition comes at a time when the automotive industry is facing significant changes and challenges, including shifts towards electric vehicles and the impact of global economic conditions.
The information contained in this article is based on a press release statement issued by Aston Martin Lagonda Global Holdings plc.
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