Stellantis announced this Tuesday that the process of appointing a new permanent CEO, who will replace Carlos Tavares, is underway, being managed by a Special Committee of the Board of Directors, and is expected to be completed in the first half of 2025.
Until the appointment of the new CEO is finalized, Stellantis announced that it has appointed an Interim Executive Committee, responsible for the direction and oversight of the Company on behalf of the Board of Directors, which will be chaired by John Elkann and will include a list of executives, among them Antonio Filosa, Chief Operating Officer for North America, in addition to his role as CEO of the Jeep brand.
Additionally, Picat will oversee the regions of the Middle East and Africa, India and Asia-Pacific, and China, along with Leapmotor International, while former CFO Richard Palmer has been appointed special advisor to Elkann.
It is worth noting that Stellantis is under pressure to address the intensifying competition, declining sales in the U.S., high production costs, as well as the need to restore investor confidence.
Stellantis is one of the leading automobile manufacturers in the world, and its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys.
