The executive is hoping to give youngsters a headstart in the industry.

Aston Martin CEO Andy Palmer has announced plans to create a charitable foundation to help industrial apprentices.

The privately-funded program will be supported by Palmer, who began his career as an apprentice, his wife Hitomi, and shareholders and members of the senior management team at Aston Martin Lagonda.

The future of Aston Martin:

"Young people can struggle to get on the first rung of the career ladder, so we are creating the Palmer Foundation to help get them 'on the ladder' and into high-qualityy apprenticeships," said Andy Palmer. "A person’s background should never preclude them from achieving their potential, and in this case becoming what could turn out to be some of the best engineers of their generation."

This is just the beginning for the Palmer Foundation. In time the engineering scholarship will be joined by other areas such as marketing, design and legal careers.

The foundation will work independent of Aston Martin and collaborate with a number of partners including the Rio Ferdinand Foundation to "provide a pathway for youth development by inspiring young people and providing the tools they need to tap into their natural talents and reach their potential."

"Apprenticeships provide a kick-start to a young person’s chosen career," said Palmer. "They offer relevant experience, specialist guidance and support as the apprentices study for recognised qualifications, whilst building useful industry contacts. Vitally they can also earn while they learn."

Palmer began his automotive career as a technical apprentice at U.K. Automotive Products. After completing his four-year apprenticeship, it took him just two years to gain his first managerial role – he already had six years of experience under his belt, despite being only 22 years-old, due the the headstart given to him by his years as an apprentice. As his career progressed he continued to study and add to his CV, achieving a Diploma in Industrial Management, a Master’s Degree in Product Engineering, Chartered Engineer status, and a PhD in Engineering Management. He is a Fellow of The Institute of Mechanical Engineers and a Fellow of The Royal Academy of Engineering.

He took on his present role as President and Group Chief Executive of Aston Martin Lagonda in 2014 after previously serving as Executive Vice-President at Nissan – a company he had been with for over 20 years.

Details of the Palmer's new charitable foundation and its launch schedule are to be announced later this year.

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ANDY PALMER PLANS CHARITABLE FOUNDATION TO FUND APPRENTICESHIPS

 
  • Palmer Foundation aims to provide opportunities for disadvantaged young people to gain engineering apprenticeships
  • Scheme will provide guidance and industry experience as apprentices study for qualifications
  • Existing shareholders and management to support plans
  • Commitment reflects CEO’s own experience as an apprentice


20 September 2018, Gaydon, UK: Dr Andy Palmer, President and Group Chief Executive of Aston Martin Lagonda, today announced plans to create the Palmer Foundation, a privately-funded programme to create industrial apprenticeship opportunities for disadvantaged young people in the UK.
 
Andy Palmer, who began his own automotive career as an apprentice, has undertaken to fund the scheme, which will also be supported by existing shareholders, members of the senior management team at Aston Martin Lagonda and Hitomi Palmer, wife of the CEO.
 
Andy Palmer said: “Disadvantaged young people can struggle to get on the first rung of the career ladder, so we are creating the Palmer Foundation to help get them “on the ladder” and into high quality apprenticeships.
 
“A person’s background should never preclude them from achieving their potential, and in this case becoming what could turn out to be some of the best engineers of their generation. This is just the beginning for the Palmer Foundation. In time the engineering scholarship will be joined by other areas such as marketing, design and legal careers.”
 
Working with partners including the Rio Ferdinand Foundation, the Palmer Foundation will provide a pathway for youth development by inspiring young people and providing the tools they need to tap into their natural talents and reach their potential.
 
The charitable foundation will operate independently of the apprenticeship scheme at Aston Martin Lagonda, which earlier this month welcomed its biggest ever intake of 50 apprentices and 26 graduates.
 
“Apprenticeships provide a kick-start to a young person’s chosen career,” said Andy Palmer. “They offer relevant experience, specialist guidance and support as the apprentices study for recognised qualifications, whilst building useful industry contacts. Vitally they can also earn while they learn.”
 
Andy Palmer began his career as a technical apprentice at UK Automotive Products, taking his first managerial role two years after completing his four-year apprenticeship. He was only 22 years-old but already had six years of experience under his belt. He continued to study as his career progressed and his qualifications now include a Diploma in Industrial Management, a Master’s Degree in Product Engineering, Chartered Engineer status, and a PhD in Engineering Management.  He is a Fellow of The Institute of Mechanical Engineers and a Fellow of The Royal Academy of Engineering.
 
Details of the scheme and its launch schedule are to be announced later in the year.