Stellantis Shakes Up Leadership Team as New CEO Takes Office
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Stellantis NV is reorganizing its top management ranks as new CEO Antonio Filosa begins his push to turn around the struggling automaker.
Filosa is part of a 13-member senior leadership team the company announced on June 23. It includes new appointments such as Monica Genovese, who takes over the head of purchasing role from Maxime Picat, a potential candidate for the Renault SA CEO job who’s leaving Stellantis.
Stellantis shares declined 1.8% as of 11:07 a.m. local time. They’re down more than a third this year.
Filosa, who assumed his post earlier June 23, will have to halt a sales slide in the U.S., where President Donald Trump’s tariffs are raising costs and disrupting supply chains. Stellantis is also contending with excess capacity in Europe, where deliveries remain muted as Chinese manufacturers led by BYD Co. expand in the region with competitively priced cars.
Stellantis’ issues are gravest in the former profit center North America, where the carmaker has been falling behind in the U.S. market due to an aging lineup, model delays and pricing blunders. Its shipments in the region fell 20% in the first quarter after former CEO Carlos Tavares hamstrung operations with a series of painful cost cuts.
Antonio Filosa announces new Leadership Team on first day as CEO.
Find out more here: — Stellantis (@Stellantis)
Filosa will remain head of North America and the brands there in addition to his CEO job. The leadership team still includes Chief Financial Officer Doug Ostermann, who takes responsibility for mergers and acquisitions as well as joint ventures. Jean-Philippe Imparato will oversee Europe and its brands there, including Maserati.
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