STOCK TITAN

Stellantis Organizational Announcement

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Stellantis announced organizational changes while the search for a new permanent CEO continues, expected to conclude in the first half of 2025. An Interim Executive Committee (IEC), chaired by John Elkann, has been established to oversee the company. The committee includes key executives managing various portfolios: Xavier Chéreau (HR), Ned Curic (Engineering), Arnaud Deboeuf (Manufacturing), Antonio Filosa (Americas), Béatrice Foucher (Planning), Jean-Philippe Imparato (Europe), Douglas Ostermann (Finance), Maxime Picat (Purchasing), and Philippe de Rovira (Affiliates). Several Executive VPs will support the IEC, reporting directly to the Chairman. Richard Palmer joins as Special Adviser to the Chairman.

Loading...
Loading translation...

Positive

  • Clear organizational structure established during CEO transition period
  • Comprehensive leadership team covering all key business areas
  • Retention of experienced executives in critical positions

Negative

  • Extended CEO transition period until H1 2025 creates uncertainty
  • Complex interim management structure might slow decision-making

News Market Reaction 1 Alert

-6.29% News Effect

On the day this news was published, STLA declined 6.29%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Stellantis Organizational Announcement

AMSTERDAM, December 2, 2024 – The process to appoint the new permanent Chief Executive Officer is well under way, managed by a Special Committee of the Board, and will be concluded within the first half of 2025. While the appointment of the new CEO is concluded the following organization is implemented with immediate effect.

The Interim Executive Committee (“IEC”) will be responsible for the direction and oversight of the Company on behalf of the Board of Directors. The IEC will be chaired by John ELKANN. The committee shall be made up of the Chairman together with the following executives whose responsibilities are as follows:

Xavier CHÉREAU                 Human Resources and Heritage

Ned CURIC         Engineering and Technology, Software and Free2move

Arnaud DEBOEUF                 Manufacturing and Supply Chain

Antonio FILOSA         America’s (North and South America) Regions, Chrysler, Dodge, Jeep®️, Ram, and the Design North America organization, including Maserati Design.

Béatrice FOUCHER                Planning

Jean-Philippe IMPARATO         Enlarged Europe, Pro One, and Abarth, Alfa Romeo, Citroën, DS, FIAT, Lancia, Opel and Peugeot. The Design Europe organization will also report to this position.

Douglas OSTERMANN         Finance

Maxime PICAT        Purchasing and Supplier Quality and the regions of Middle East & Africa, India & Asia Pacific, and China together with Leapmotor International.

Philippe de ROVIRA         Affiliates

In support of the IEC and reporting directly to the Chairman will be the following Executive Vice Presidents:

Bertrand BLAISE                 Communications and CSR

Olivier BOURGES                 Customer Experience

Giorgio FOSSATI                 General Counsel

Santo FICILI                         Maserati in addition to Alfa Romeo

Olivier FRANÇOIS         Marketing in addition to FIAT, Abarth and DS

Clara INGEN-HOUSZ         Public Affairs

Richard PALMER is appointed as Special Adviser to the Chairman and will attend the IEC to act as a sounding board for the leadership team.

# # #

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.

@StellantisStellantisStellantisStellantis



For more information, contact:

Bertrand BLAISE +33 6 33 72 61 86 – bertrand.blaise@stellantis.com

Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com

communications@stellantis.com
www.stellantis.com
 

Attachment


FAQ

When will Stellantis (STLA) appoint its new permanent CEO?

Stellantis expects to conclude the appointment of its new permanent CEO within the first half of 2025.

Who is chairing Stellantis (STLA) Interim Executive Committee?

John Elkann is chairing the Interim Executive Committee (IEC) of Stellantis.

What regions does Antonio Filosa oversee at Stellantis (STLA)?

Antonio Filosa oversees the Americas (North and South America) regions, including Chrysler, Dodge, Jeep, Ram, and the Design North America organization, including Maserati Design.

What is the new role of Richard Palmer at Stellantis (STLA)?

Richard Palmer has been appointed as Special Adviser to the Chairman and will attend the IEC to act as a sounding board for the leadership team.
Stellantis N.V

NYSE:STLA

STLA Rankings

STLA Latest News

STLA Latest SEC Filings

STLA Stock Data

31.83B
2.21B
25.53%
50.07%
1.78%
Auto Manufacturers
Consumer Cyclical
Link
Netherlands
Hoofddorp