Stellantis Organizational Announcement
Rhea-AI Summary
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.
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
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.
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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.
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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 | ||||||||
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