RE: Adrian Hallmark swaps Bentley for Aston Martin

RE: Adrian Hallmark swaps Bentley for Aston Martin

Friday 22nd March

Adrian Hallmark swaps Bentley for Aston Martin

Bentley's loss is Aston's gain as 'ultra-luxury automotive leader' jumps ship


Clearly the unwritten agreement that there’s no big automotive news on a Friday is out of the window this week. Adrian Hallmark, the man who has headed up Bentley as CEO since February 2018, is to leave the company ‘at his own request and by mutual consent’. Significant enough in of itself, but it gets better, because it’s no early retirement and days at the golf club for the 61-year-old: he’s going to Aston Martin. Talk about a big transfer. 

Hallmark will succeed Amedeo Felisa at Gaydon who, after a couple of years at Gaydon and having reached 78, has earned a life away from work. Aston says the swap will take place ‘no later than October 1, 2024’, ensuring that Felisa has the opportunity to complete the launch of the reworked front-engined sports cars, with the Vantage launch next month and a Roadster surely not far behind. 

No doubt Hallmark’s departure will be keenly felt at Crewe; having assumed the position ‘in a challenging business situation’ - their words, not ours - he’s overseen the launch of some superb new Bentleys, and started the brand on its path to electrification with various hybrid models. Record sales years in 2021 and 2022 were very encouraging, less so an 11 per cent drop in 2023, but Hallmark leaves Bentley in a better place than he found it and with his stock sky-high. He commented that to “redefine luxury mobility for the future with such a strong brand is a task that I took on with full commitment and great pleasure.” Gernot Döllner, chairman of the Audi board, added “Adrian Hallmark has achieved a great deal at Bentley… On the path to carbon-neutral electric vehicles in the luxury segment, he has taken important steps towards the long-term success of the company. I would like to thank Adrian Hallmark for his significant commitment over the last years and wish him well in his personal and professional future.”

All nice enough, but the switch of allegiance must smart a little. Certainly it's an opportunity for someone to step up and take the helm at Bentley during another key period of change for the firm - especially following news that its first EV will be delayed and the plug-in hybrids sticking around. But Bentley’s loss stands to be Aston’s gain; snaring a CEO from a larger rival - Hallmark’s first job there was in 1999 - means he comes with a wealth of experience.  

Aston, too, has plenty on its plate: once the front-engined cars are done with, there’s the mid-engined Valhalla hybrid to get to market, plus a DBX that desperately needs the same kind of interior glow up enjoyed by the DB12. Then it’ll be onto plug-in replacements for the core models, perhaps one or two more silly V12s, then (though it too is delayed) an electric Aston Martin - so Hallmark will be busy alright. 

He said of the new role: “The transformation of Aston Martin is one of the most exciting projects within the ultra-luxury automotive industry. I am looking forward to continuing the Company’s great momentum and utilising my experience and passion to further unleash this iconic brand’s potential and take it to even greater success.” A sentiment echoed by the final level boss - or Executive Chairman, to give him his official title - Lawrence Stroll: “In Adrian Hallmark, we are attracting one of the highest calibre leaders not just in our segment, but in the entire global automotive industry. Complementing our world-class leadership, Adrian will bring to Aston Martin unrivalled experience in both the ultra-luxury and British manufacturing sectors to progress our strategy and continue recent momentum.” It’s all pleasantries and fond farewells for now, then, but plainly it marks a fundamental reset of leadership - and consequently approach - for two of the UK's most cherished carmakers. And a much busier Friday than normal. 


Author
Discussion

Ray_Aber

Original Poster:

485 posts

277 months

Friday 22nd March
quotequote all
Not a good Bentayga picture to use - it suggests that Adrian did a "Mansory" on Bentley; that's a little harsh.

Good news for Aston.

GreatScott2016

1,203 posts

89 months

Friday 22nd March
quotequote all
Jeepers, those pics say it all. Who would want to be associated with Bentley based on that biggrin . The Aston is gorgeous though, good luck to him.

JumpinJack

404 posts

179 months

Friday 22nd March
quotequote all
The Bentayga picture made me throw up in my mouth.

Not a flattering picture to use for someone's farewell article.

I'm sure he'll do well at Aston too.

fantheman80

1,454 posts

50 months

Friday 22nd March
quotequote all
Holy fk. I read the comments first thought you were being harsh on the Bentayga, but no. Was that a Bentley supplied smurf-mobil pic as part of press release? If so, that's a definite "yeah fk off look at the st you signed off" or if it was PH...ha, I see you what you did...

thegreenhell

15,440 posts

220 months

Friday 22nd March
quotequote all
Is this the fourth CEO in as many years since Stroll took over at AML?

Also, disappointed at the lack of hallmark puns.

tramart50

34 posts

42 months

Friday 22nd March
quotequote all
I'd leave Bentley too if my eyes had to look at that blue van every day. Vile!

BigChiefmuffinAgain

1,069 posts

99 months

Friday 22nd March
quotequote all
Slightly strange career move, going to the smaller and more financially challenged company, with a potentially difficult owner who goes thru the bosses. Would love to know the back story....

NGK210

2,969 posts

146 months

Friday 22nd March
quotequote all
thegreenhell said:
Is this the fourth CEO in as many years since Stroll took over at AML?
Yep.
The cars are now good, but he’s a graceless and arrogant bully.
The turnover of talented, key staff is alarming.
Let’s see how long this one lasts – 18 months, tops?
And Bentley’s EV transition snafu, the culling of the W12 and 2023’s sales have displeased many on VWG’s board.
Hence, Hallmark departing with “mutual consent”.
Anyone know Hallmark’s background – is it sales and mktng BS or is he an engineer? Pray for the latter.

D4rez

1,402 posts

57 months

Friday 22nd March
quotequote all
NGK210 said:
Yep.
The cars are now good, but he’s a graceless and arrogant bully.
The turnover of talented, key staff is alarming.
Let’s see how long this one lasts – 18 months, tops?
And Bentley’s EV transition snafu, the culling of the W12 and 2023’s sales have displeased many on VWG’s board.
Hence, Hallmark departing with “mutual consent”.
Anyone know Hallmark’s background – is it sales and mktng BS or is he an engineer? Pray for the latter.
Where did you get the bit about the W12? Sounds made up. I suspected he wanted another challenge having turned Bentley around and having good connections in the midlands. Oh and I imagine stroll threw money and long term incentives at him

SuperPav

1,095 posts

126 months

Friday 22nd March
quotequote all
NGK210 said:
Anyone know Hallmark’s background – is it sales and mktng BS or is he an engineer? Pray for the latter.
His original background indeed was engineering IIRC, but his more recent leadership roles were more around marketing, sales and corporate strategy, which is where I think his true strengths lie. I think he'd be good for Aston, but we'll see how well it gels with him working for Stroll rather than a more established corporate auto owner.

I've worked directly with him in his pre-Bentley days, and he's a great guy and extremely switched on, especially with regards to brand, transformation etc. One of the more memorable board members in my experience (for the right reasons mostly!)


Having said that, Bentley's "100" strategy seems to be having a few challenges at the moment, so who knows how this will play out....

Chris C2

176 posts

50 months

Friday 22nd March
quotequote all
Good potential here for further mismanagement of the AML culture/philosophy/systems and procedures. I worked there briefly when it was part of Ford and it was hopelessly screwed trying to use Ford high volume production procedures and suppliers. Since then I presume there has been Nissan, Mercedes Benz and Fiat/Ferrari input from senior management and now presumably VAG/Bentley. AML is a specialist low volume high end manufacturer which needs to be run appropriately.

NGK210

2,969 posts

146 months

Friday 22nd March
quotequote all
D4rez said:
Where did you get the bit about the W12? Sounds made up. I suspected he wanted another challenge having turned Bentley around and having good connections in the midlands. Oh and I imagine stroll threw money and long term incentives at him
There’s still no shortage of customers for low-volume big-ticket 12-cylinder cars. Ask anyone at VWG if they jumped too early, and much shoe-gazing ensues. Especially because there now isn’t an imminent wafty EV as replacement.

You “suspected [sic] he wanted another challenge”? Very positive and on-message. But please checkout the true meaning of the euphemism, leaving by mutual consent.

And credit where credit’s due: a seasoned garment-trader such as ‘Sir Larry’ doesn’t throw money at anyone.

D4rez

1,402 posts

57 months

Friday 22nd March
quotequote all
NGK210 said:
D4rez said:
Where did you get the bit about the W12? Sounds made up. I suspected he wanted another challenge having turned Bentley around and having good connections in the midlands. Oh and I imagine stroll threw money and long term incentives at him
There’s still no shortage of customers for low-volume big-ticket 12-cylinder cars. Ask anyone at VWG if they jumped too early, and much shoe-gazing ensues. Especially because there now isn’t an imminent wafty EV as replacement.

You “suspected [sic] he wanted another challenge”? Very positive and on-message. But please checkout the true meaning of the euphemism, leaving by mutual consent.

And credit where credit’s due: a seasoned garment-trader such as ‘Sir Larry’ doesn’t throw money at anyone.
I’m sure he tried to weight it towards an LTIP linked to the share price but equally… he’s desperate… I can’t comment on how desperate Adrian was to find a “new challenge” but I would see “mutual consent” as Audi trying manage the embarrassment.

The W12 thing… that feels speculative it might be a core part of their DNA but they sure as hell can’t manage an engine that needs an upgrade for future emissions (enrichment, euro7, co2 reduction etc) but isn’t share across the group at the same time as having to invest in EV

ManyMotors

651 posts

99 months

Friday 22nd March
quotequote all
Best of good luck, Adrian! At least your new company isn't owned by Bahrain.

thegreenhell

15,440 posts

220 months

Friday 22nd March
quotequote all
D4rez said:
NGK210 said:
D4rez said:
Where did you get the bit about the W12? Sounds made up. I suspected he wanted another challenge having turned Bentley around and having good connections in the midlands. Oh and I imagine stroll threw money and long term incentives at him
There’s still no shortage of customers for low-volume big-ticket 12-cylinder cars. Ask anyone at VWG if they jumped too early, and much shoe-gazing ensues. Especially because there now isn’t an imminent wafty EV as replacement.

You “suspected [sic] he wanted another challenge”? Very positive and on-message. But please checkout the true meaning of the euphemism, leaving by mutual consent.

And credit where credit’s due: a seasoned garment-trader such as ‘Sir Larry’ doesn’t throw money at anyone.
I’m sure he tried to weight it towards an LTIP linked to the share price but equally… he’s desperate… I can’t comment on how desperate Adrian was to find a “new challenge” but I would see “mutual consent” as Audi trying manage the embarrassment.

The W12 thing… that feels speculative it might be a core part of their DNA but they sure as hell can’t manage an engine that needs an upgrade for future emissions (enrichment, euro7, co2 reduction etc) but isn’t share across the group at the same time as having to invest in EV
Haven't Aston also just ditched the V12 with the introduction of the DB12, so where do those customers go now?

swisstoni

17,053 posts

280 months

Friday 22nd March
quotequote all
Wow, we’ll all remember where we were this day.

Still Mulling

12,502 posts

178 months

Friday 22nd March
quotequote all
thegreenhell said:
Also, disappointed at the lack of hallmark puns.
They're in the post.

On a card.

Jazzy Jag

3,432 posts

92 months

Friday 22nd March
quotequote all
The union is voting on Monday on whether to take industrial action over the current pay offer.

He might not ever get to start the job. rofl


malaccamax

1,260 posts

232 months

Friday 22nd March
quotequote all
Hallmark can manage Aston Martin competently I'm sure, probably even get it to turn a profit. Whether he can manage Stroll is another question. He's essentially acts as CEO

QBee

21,007 posts

145 months

Friday 22nd March
quotequote all
Hopefully he has got himself a football star/manager type contract that basically means he is paid full salary plus bonuses until he is 67 regardless of whether Stroll bins him off after year 1 or not.
Something must have made it attractive.