Connect with us

Hi, what are you looking for?

Investing

Natalie Massanet and Marigay McKee join board at Aston Martin

Aston Martin Lagonda has appointed two female directors in an effort to strengthen its position as a luxury brand and to comply with the requirement to have more women on company boards.

The upmarket carmaker announced that Dame Natalie Massanet, who founded the luxury fashion website Net-a-Porter in 1999 and Marigay McKee, who spent 14 years at Harrods, becoming its chief merchant officer, would become directors of the company along with Amedeo Felisa, the former Ferrari boss.

US-born Massanet was awarded an honorary damehood in 2016 for services to the fashion and retail industries. McKee, who began her career at Estée Lauder in Europe, is a co-founder and managing partner of Fernbrook Capital Management, a female-led capital venture firm.

Aston Martin has gone bust seven times in its century-long history. After its £4.2 billion listing in 2018, the company lost 90 per cent of its value as sales plunged and debts soared.

It was saved from an eighth bankruptcy when Lawrence Stroll moved in, backed by a group of wealthy individuals who engineered a £500 million rescue deal. Aston, best known as James Bond’s preferred mode of transport, had hit financial trouble after investing heavily in a new model.

Stroll, a Canadian Formula 1 fan and the executive chairman, has said he wants to make Aston “one of the greatest luxury car brands in the world”, building cars to order to maintain their exclusivity.

Stroll said: “Having refreshed the board earlier in the year, we were focused on diversity as a priority. This is a very important time as we execute our plans to transform Aston Martin into one of the pre-eminent luxury car brands in the world.”

Aston Martin has pinned its hopes on the marque’s long-awaited DBX 4×4. However, the business, whose main production facility is at Gaydon in Warwickshire, remains lossmaking and heavily in debt.

Read more:
Natalie Massanet and Marigay McKee join board at Aston Martin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Headline inflation stood at 4% in July, the government reported on Thursday. — PHILIPPINE STAR/ MICHAEL VARCAS PHILIPPINE INFLATION eased to a seven-month low...

Economy

ALL COMPANIES included in the Philippine Stock Exchange (PSE) indices will be required to raise their public float level to 20% by December 2022,...

Economy

THE PHILIPPINES should focus on diversifying its economy to produce high-quality jobs and more competitive products, according to the United Nations in the Philippines....

Economy

SAN Miguel Corp. (SMC) returned to profitability to finish the first half with a net income of P29.57 billion, reversing last year’s P3.99-billion loss,...

Economy

AYALA-LED AC Energy Corp. reported an attributable net income of P1.42 billion in the second quarter, down by 28% from P1.97 billion year on...

Economy

PLDT, Inc. saw its attributable net income for the second quarter grow 10.9% to P7.1 billion, as high demand for data and broadband continued....

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!