Stellantis North America COO and Jeep CEO Antonio Filosa speaks through the Stellantis press convention on the Automobility LA 2024 automotive present at Los Angeles Conference Middle in Los Angeles, California, November 21, 2024.
Etienne Laurent | Afp | Getty Photographs
Auto big Stellantis on Wednesday appointed North American chief working officer Antonio Filosa as its new chief govt, ending a months-long marketing campaign to fill the agency’s management void.
The multinational conglomerate, which owns family names together with Jeep, Dodge, Fiat, Chrysler and Peugeot, mentioned it might maintain a rare shareholder assembly within the coming days for Filosa to be elected to the board to function an govt director.
Stellantis mentioned Filosa would assume CEO powers efficient from June 23. He’ll succeed Carlos Tavares, who unexpectedly resigned in December after a pointy drop in revenue, falling gross sales and issues within the U.S.
“It’s my nice honor to be named the CEO of this improbable Firm,” Filosa mentioned in a press release, noting he takes over at a “pivotal time for our trade.”
A 25-year veteran of the corporate, Filosa beforehand served as Jeep model CEO earlier than being named North America COO in October 2024 and as chief high quality officer in January this yr.
Stellantis not too long ago reported a 14% year-on-year downturn in first-quarter internet revenues and withdrew its full-year monetary steerage as a consequence of uncertainties relating to the affect of U.S. President Donald Trump’s back-and-forth commerce coverage.
Uncertainty over commerce tariffs is predicted to profoundly have an effect on the automotive trade, notably given the excessive globalization of provide chains and the heavy reliance on manufacturing operations throughout North America.
Stellantis mentioned John Elkann, who had led an interim govt committee since Tavares’ resignation, will proceed in his function as govt chairman.
“Antonio’s deep understanding of our Firm, together with its individuals who he views as our core energy, and of our trade equip him completely for the function of Chief Government Officer on this subsequent and essential part of Stellantis’ growth,” Elkann mentioned.
Shares of Milan-listed Stellantis are down practically 27% year-to-date.
