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3d ago

Antonio Filosa Takes Helm at Stellantis, Unveils New Regional Leadership Team

He lays out a people-first approach aimed at reversing quarterly sales declines under pressure from Chinese electric-vehicle rivals.

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Antonio Filosa of Stellantis attends a media conference in Sao Paulo, Brazil June 25, 2018. REUTERS/Paulo Whitaker/File Photo
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Overview

  • Filosa assumed the CEO role on June 23, succeeding Carlos Tavares while retaining oversight of North America and American brands.
  • The leadership overhaul names Doug Ostermann as CFO with added mergers and acquisitions duties, Jean-Philippe Imparato to head Enlarged Europe and Maserati, and Emanuele Cappellano in charge of South America and Stellantis Pro One.
  • Longtime executives Maxime Picat and Béatrice Foucher are departing as Filosa credits the team’s talent and sets a people-first, regionally driven agenda.
  • Stellantis reported a 14% year-on-year revenue drop and a 9% decline in shipments in the first quarter, with U.S. sales down 12% amid intensifying competition from Chinese EV makers.
  • Shares fell over 2% to $9.20 after the announcement as investors weighed Filosa’s strategy against the company’s recent market and operational challenges.