Stroll strengthens control of Aston Martin grandprix247.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grandprix247.com Daily Mail and Mail on Sunday newspapers.
Aston Martin s Stroll cements his grip as Kuwaiti group reduces stake
Bloomberg
Print
Billionaire Lawrence Stroll is solidifying his control of Aston Martin as Kuwaiti investors who used to be among the UK automaker s largest shareholder shrink their stake.
Amr Ali Abdallah Abou El Seoud, Adeem/Primewagon s representative director on Aston s board, stepped down from the position after the shareholder group s holding in the automaker fell below 7 percent, the company said in a filing Friday.
This is the second reshuffling of Aston’s board in less than a month three members stepped down in late January and were replaced by five new directors backed by Stroll, including ex-Ford global product chief Richard Parry-Jones and former McLaren CEO Antony Sheriff.