“I know what it takes to win in Formula 1, and, inspired by Lawrence’s leadership and backed by the skill, passion and resolve of the workforce, I intend to do whatever I can to make sure that our team becomes the winning operation that Lawrence is determined that it should be.
“Last but far from least, I am very enthused about the formation of the new Aston Martin Performance Technologies, under which corporate umbrella Aston Martin Formula 1 team will sit, and I am excited about the prospect of developing and applying our technical capabilities and intellectual property as a successful and profitable new business.”
Whitmarsh’s last involvement in Formula 1 with McLaren lasted 25 years. He became team principal in 2009 after Ron Dennis stepped away from the role and held the position up until 2014.
As team principal, he oversaw 20 grand prix victories for the team and was also chosen to be the head of the Formula One Teams Association (FOTA), replacing Luca di Montezemolo in the role.
Executive chairman of Aston Martin Lawrence Stroll said that Whitmarsh’s F1 experience at the highest level would help the team evolve into a top-calibre outfit in its efforts to become a world championship-winning team in the future.
“I am very pleased to announce that Martin [Whitmarsh] will be joining us as Group Chief Executive Officer of the new Aston Martin Performance Technologies,” Stroll said of the announcement.
“Martin will enjoy senior leadership responsibility and will assist and support me in setting the new strategic direction for Aston Martin Performance Technologies and its subsidiaries, including the crucial objective of leading the transformation of Aston Martin Formula 1 team into a Formula 1 World Championship-winning organisation within the next four to five years, and evolving it into a £1 billion business over a similar time period.
“Martin has enjoyed a long, successful and high-profile career, spanning the motorsport, automotive, aerospace, marine and renewable-energy sectors. Moreover, he is a proven winner in Formula 1. He is therefore the ideal person for the job of working with me and our senior management team to lead and inspire our workforce to future success both on and off track.”