Overview

• Filosa succeeds Carlos Tavares after his December 2024 resignation, ending a six-month internal and external search process.
• He brings over 25 years of experience at Fiat, FCA and Stellantis, including leadership of South American operations, Jeep and North American markets.
• He inherits a business that saw 2024 revenue fall 17% and profits plunge 70%, with Trump-era US import tariffs prompting suspension of full-year guidance.
• His Italian heritage and long tenure are expected to bolster ties with Rome and balance the firm’s Franco-Italian leadership dynamics.
• Investors reacted with muted enthusiasm, as shares slipped about 0.5% after an initial rally on concerns over a cautious, continuity-focused choice.