Report: Aston Martin Seeking New CEO, Among Others

It’s no secret that Aston Martin is in financial trouble. It went into 2020 in rough enough shape to require extensive restructuring, making the subsequent years more about survival than growth. Executive Chairman Lawrence Stroll has said he remains committed to saving the company and reviving its defunct Formula One team on more than one occasion since then. But he is clearly fighting an uphill battle.

Despite having achieved a few sales targets after spending most of 2020 shut down, Aston Martin continues facing product delays and is losing talent faster than it can replace it. Some of this has been attributed (fairly or not) to CEO Tobias Moers, who took over for Andy Palmer in August of 2020. But it looks like Moers may be leaving the company as well if the latest reports are to be believed.

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Family Man: VW's Chief Strategy Officer Abandons Ship for Smart Boats

Volkswagen’s strategy chief since 2015, Michael Jost (59), has announced that he will be departing after more than a decade with the company. While the cynics among us will undoubtedly jump to conclusions about the botched launches of VW Group’s new EVs and the all-important Mk8 Golf, the man himself claimed that his primary reason for leaving is to ensure the wellbeing of his family.

Jost confessed via his website that he’s only been spending weekends with his kindred since 1996 and would ideally like to make that a full-time position. A year under COVID restrictions apparently made the man reassess his life, resulting in his decision to abandon his demanding role at VW.

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Fix It: Volkswagen Makes Changes to Upper Management

Volkswagen Group is moving Porsche CEO Oliver Blume over to the core brand, necessitating a broader employment shift within the company to ensure other nameplates aren’t left without leadership. German outlet Auto Motor und Sport indicated earlier in the week that a management shakeup was afoot that would see Blume take over the VW brand in order for group head Herbert Diess to focus on managing the bigger picture.

Blume is rumored to have been tapped to help the company address rampant issues with its upcoming electric vehicles. If you’ll recall, VW has struggled with software issues and production holdups for some time. Last we checked, VW’s plan was to launch the ID.3 with less-than-ideal computer code that it intends to fix later.

Sounds like a bad one.

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Hunt Ends: American Center for Mobility Names New CEO

Following a nearly six-month search for new leadership, the American Center for Mobility (ACM) has named Reuben Sarkar as its new CEO. The Michigan-based facility has been without a chief executive since Michael Noblett left in November of 2019, leaving COO Mark Chaput in charge while the company hunted for a replacement.

It found one with Sarkar. He’s positioned to assume his new role at the historic site (Willow Run) that manufactured B-24 bombers in World War II before transitioning to GM vehicles and eventually the testing of autonomous cars, in early May. But this isn’t one of those cushy CEO positions where one can sit back and enjoy a sizable annual bonus. Intellectual property conflicts, legal hazards, and a longer-than-presumed development timelines have stagnated the self-driving industry. Mr. Sarkar is going to have his work cut out for him — though we’re sure he’ll still be well paid.

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Uber Founder Kalanick Vacates Company's Board

Uber Technologies co-founder Travis Kalanick is leaving the company’s board to focus on his new business endeavors in other industries. The company made an announcement on Tuesday, with Kalanick expressing a need to move on.

“Uber has been a part of my life for the past 10 years. At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits. I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines. I want to thank the board, Dara [Khosrowshahi] and the entire Uber team for everything they have done to further the Uber mission,” Kalanick said in a statement.

Stepping down as CEO in 2017 after a series of wholly unnecessary scandals ( sometimes with Travis at the center), Kalanick stopped managing the company’s daily business. Uber then embarked on an effort to improve its corporate governance, with its better-known founder (apologies to Garrett Camp) being pushed into the shadows. Pressure from investors became overwhelming after he was caught on video arguing with a driver over the company’s pay structure in a period where Uber’s corporate culture was already broadly presumed to be toxic. He was replaced with Khosrowshahi about a month later.

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Corporate Coup? Renault Officially Needs a New CEO

Renault’s board of directors met today to decide the fate of CEO Thierry Bolloré. Though we should say ex-CEO, because they fired him.

As the most recent executive to become subject to the management shakeup that’s bent on removing anyone within the Renault-Nissan-Mitsubishi Alliance with ties to defamed founder Carlos Ghosn, Bolloré called the board’s decision surprising ( it wasn’t). Speaking with France’s Les Échos, he contended that he was more concerned with the wellbeing of Renault than corporate politics and expressed fears that the alliance could be falling apart as Japan aggressively seeks to remove more Ghosn-era hires.

“I appeal to the highest level of the State shareholder, guarantor of the rules of good governance, not to destabilize Renault, flagship of our French industry,” he said. “This coup is very disturbing, it is very important to understand the ins and outs of what is happening in Japan.”

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Renault CEO's Removal Could Come Soon

The French media is reporting that Renault CEO Thierry Bolloré could be removed as part of a greater initiative to clean house within the Renault-Nissan-Mitsubishi Alliance. As usual, the cornerstone of the controversy stems from the executive’s close ties to Carlos Ghosn.

That relationship makes him suspect, as numerous high-ranking employees at Nissan are currently under suspicion of having helped or benefited from the alleged financial misdeeds surrounding the ousted chairman. In fact, the Japanese automaker had to select a new CEO in short order after information emerged implicating former corporate head Hiroto Saikawa — encouraging his September resignation.

Now there’s a campaign in place to distance the automaker from Ghosn-era hires and legacy staffers with deep links to him. Everyone expects Renault to do the same.

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GM Appoints New Marketing Officer After Going Seven Years Without

General Motors is moving Cadillac marketing chief Deborah Wahl up the food chain by appointing her as its global chief marketing officer — a position which has sat unfilled since 2012.

The previous CMO, Joel Ewanick, was removed by former CEO Dan Akerson over a costly Chevrolet-Manchester United sponsorship deal blew up in his face. Officially, General Motors said Ewanick “failed to meet the expectations the company has of an employee” and left the position vacant, distributing its duties among other other employees — primarily Chevrolet’s now-retired CMO Tim Mahoney.

Wahl, 56, joined Cadillac in 2018, helping the brand further distance itself from the botched “Dare Greatly” advertising campaign. However, we’re not yet certain its freshened marketing materials are truly a cut from a different cloth. Several of the new spots carry over the same vague messaging, just with a bit more focus on product. Then again, perhaps the highbrow content is simply going over our heads.

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Volkswagen 'Considering' Replacing CEO Matthias Mller With the Diess Man

Volkswagen Group is thinking about replacing chief executive Matthias Müller with the head of its VW brand, Herbert Diess. According to inside sources, however, the decision already appears to have been made. When questioned about staffing changes, the company said it was “considering evolving the leadership structure” as it relates to the the management board — which could extend to a change in CEOs.

An automaker typically wouldn’t even hint at such a thing if it wasn’t already a done deal. That means Müller is almost guaranteed to be moving on soon, bringing his extended history with the company to a close. A true company man, Matthias completed a tooling apprenticeship at Audi in 1977, before a reprieve where he left to study computer engineering. Returning to the brand in 1984, Müller moved up the ranks swiftly — eventually becoming CEO of Porsche in 2010 and replacing Martin Winterkorn as Volkswagen AG’s CEO during 2015’s diesel emissions scandal.

While his contract is good until 2020, the company could still press for an early retirement. In fact, some reports even have Müller removed from his post already.

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Ford Performance Head Moves Into Mainstream Models

Ford’s former head of performance car manufacturing, Dave Pericak, is now the engineering director for the automaker’s North American unibody vehicles. While in charge of Ford Performance, the division launched the Raptor, Focus RS, Shelby GT350, and GT. Prior to taking the helm in 2014, he was also the chief engineer of the 50th anniversary Mustang.

Now responsible for mainstream models from both Ford and Lincoln, Pericak’s previous duties will be split between Mark Rushbrook and Hermann Salenbauch. Rushbrook will handle the company’s racing efforts as Salenbauch runs Ford’s production vehicle development.

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  • Rich Benkwitt I’ll take that red and white 2 door and I guess the 4 banger so I can have the manual tranny just like my 1969 Bronco. I have my Wildtrak on order now waiting impatiently!
  • Theflyersfan I was living in one part of the world when China and Russia were completing their 21st century scramble of Africa. They were pumping billions into the economies of these countries building new dams, bridges, skyscrapers, freeways/toll roads, utilities, power plants, you know - projects that would benefit the average resident of said location. All they wanted in exchange were the mineral, mining, fishing, timber, etc., rights of said location. And they got them. So during that era when they were looking at global expansion, we were fighting unwinnable wars and our "leaders" on the left were yelling at the "leaders" on the right and vice versa, and what happens when all you do is stare and focus on one thing like DC is known to do? The world moves on around you. And that's what happened here.We had the same opportunity to build Africa up and to make the same deals as other countries, but our "nation building" tends to take place via the conversion from something solid and standing to something in pieces and in rubble. So it looks like we'll continue to have to deal with hostile nations holding our feet into the fire and working through their many geopolitical issues just so we can continue to get cheap electronics and necessary materials in our manufacturing just because we decided around 40+ years ago to ship it all overseas because we wanted to save 50 cents on a pack of socks and the CEOs needed their next quarterly statement to look even better to the shareholders so they could increase their pay and bonuses, consequences be damned.
  • DweezilSFV I didn't think GM could make a worse looking truck than their full-sizers.Success.
  • DweezilSFV GM. Still trying to make OnStar happen.And still the answer to a question no one ever asked.
  • Corey Lewis Look, here's the voice warning record player!http://japanesenostalgiccar.com/wordpress/wp-content/uploads/2009/05/datsun_810_maxima_voice_box.jpg