Overview

• He will assume the role in June under a five-year contract that offers a $1.8 million base salary with bonuses up to 400% and performance-based long-term incentives
• Tavares stepped down in December following conflicts with the board and strained ties with dealers, suppliers and unionized workers
• A January survey by Kerrigan Advisors found that 72% of dealers expressed no trust in the Chrysler, Dodge, Jeep and Ram brands
• For the fifth consecutive year Stellantis ranked last among six major automakers in Plante Moran’s annual supplier survey
• Filosa must determine which brands to back and rebuild fractured relationships to stabilize operations and drive growth