Aston Martin ropes in Ken Gregor as its new CFO

Aston Martin Lagonda announced the appointment of Kenneth Gregor as its chief financial officer on Monday, saying he was being appointed to the board as an executive director.

The FTSE 250 company said he would report to the executive chairman Lawrence Stroll, and to chief executive officer Tobias Moers, once Moers joins the firm on 1 August.

Interim chief financial officer Viki Bhatia would remain at the firm for a period to support a “smooth transition”, the board said.

It noted that Gregor had more than 20 years of automotive experience, most recently as chief financial officer of Jaguar Land Rover for 11 years from 2008.

Under his leadership, the finance group developed as a “strong” business partner to support the delivery of shareholder value, and the company's growth ambitions.

Prior to his appointment as CFO, Gregor held a number of roles within Jaguar Land Rover from 1997, including group financial controller and financial control roles within marketing, sales and service, and product development.

“[Ken Gregor] is a seasoned financial professional with a strong leadership track record during his years at Jaguar Land Rover,” said executive chairman Lawrence Stroll.

“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.”

Ken Gregor added that there was an “exciting opportunity” to build on Aston Martin’s “inherent strengths”, its brand, its engineering prowess, and the skills of its workforce to enable it 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.”

At 0954 BST, shares in Aston Martin Lagonda were down 0.35% at 71.25p.