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Stellantis Names João Laranjo Chief Financial Officer After Doug Ostermann Resigns

The appointment underscores efforts to steady finances after a €2.3 billion first‑half loss.

Overview

  • Laranjo steps into the top finance role after serving as North America CFO this year and previously leading Stellantis finance from 2017 to 2024, earning public praise from CEO Antonio Filosa.
  • Doug Ostermann left the CFO post for personal reasons after nearly one year in the job, according to the company.
  • Stellantis reaffirmed its 2025 guidance and said it expects margins and sales to improve in the second half, with third‑quarter results due at the end of October.
  • The automaker is preparing temporary stoppages at several European factories, citing a difficult market in the region.
  • The group flagged potential annual costs near €1.5 billion from U.S. tariffs under President Donald Trump, noting it builds nearly 25% of the vehicles it sells in the U.S. in Mexico.