Automaker Stellantis names former Jeep boss as CEO
CNN
Stellantis named its North American chief, Antonio Filosa, as its new chief executive on Wednesday, as it seeks to revive the performance and shares of the multinational automaker.
Stellantis named its North American chief, Antonio Filosa, as its new chief executive on Wednesday, as it seeks to revive the performance and shares of the multinational automaker. Filosa, an Italian national, replaces Carlos Tavares, who stepped down in December after a fall in profits and sales. He will officially be CEO from June 23, when he will also announce a new leadership team, the company said. The tasks are daunting as the global car industry seeks to navigate the chaotic trade war launched by US President Donald Trump. For Filosa and Stellantis (STLA), the focus is on trying to revive profits in the major US market. The company also needs to rationalize Stellantis’ portfolio of 14 brands, which analysts say could mean axing some of them. The board’s choice was unanimous and was based on Filosa’s “proven track record of hands-on success during his more than 25 years in the automotive industry,” the company said. Shares in the carmaker — the world’s fourth largest by sales — whose brands include Chrysler, Peugeot and Jeep, were slightly higher in morning trade, a muted reaction for a much-anticipated appointment.
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