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LONDON - Aston Martin (LON:AML) Lagonda Global Holdings plc (LSE:AML) announced Monday the appointment of Andrew McNaught as a non-executive director with immediate effect.
McNaught joins the luxury carmaker’s board as a shareholder representative director for Ernesto Bertarelli, whose affiliated investment funds hold a significant stake in the company and are members of the Yew Tree Consortium.
He replaces Cyrus Jilla, who steps down from the board effective today. McNaught has also been appointed to the company’s Nomination Committee and will serve as an observer on the Remuneration Committee.
The new board member brings extensive investment banking experience, most recently serving as Managing Director and Chair of UK Advisory at BNP Paribas (OTC:BNPQY). His previous roles include Managing Director and Co-Head of EMEA M&A at Nomura International PLC, with earlier career experience at Lazard (NYSE:LAZ) and Tricorn Partners LLP. Since leaving BNP Paribas, McNaught has been working as an advisor to B-Flexion, the investment firm chaired by Bertarelli.
Lawrence Stroll, Executive Chairman of Aston Martin, expressed confidence in the appointment, citing McNaught’s "financial, strategic and commercial experience" as valuable assets to the board. Stroll also thanked outgoing director Jilla for his "significant contribution" over the past two years.
The company confirmed in its press release statement that there is no information to be disclosed pursuant to paragraph 6.4.8R of the Financial Conduct Authority’s Listing Rules.
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