Aston martin chairman Lawrence Stroll hit by investor rebellion amid anger over boss’s bonus
Aston Martin was dealt a blow as shareholders opposed the firm’s pay and its chairman’s re-election.
At the annual general meeting, 18 per cent voted against the remuneration report, while 17 per cent said they did not want chairman Lawrence Stroll re-elected as a director.
Shareholders were unhappy about Aston Martin handing chief executive Tobias Moers a £142,000 bonus for 2020 as the car maker took taxpayer support during the pandemic.
At Aston Martin’s AGM, 17 per cent of shareholders said they did not want chairman Lawrence Stroll (pictured) re-elected as a director
They were also frustrated about performance and the dearth of women on the board.
Stroll – Aston Martin’s top shareholder – has been trying to turn the company around.
The Canadian billionaire took a 20 per cent stake in January 2020 and also brought in Mercedes-Benz owner Daimler as a top investor.
He made his money by investing in fashion houses such as Tommy Hilfiger and Michael Kors.
With just one woman on the board, the firm said: ‘The board of Aston Martin continues to focus on its composition and the need to increase diversity.
‘This is a matter of priority and we expect to be able to update on progress very soon.’