Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on February 3, 2025

Stellantis shakes up management, structure, as CEO search continues

MILAN (Reuters) -Stellantis announced management changes on Monday as part of a shake-up at the world's fourth-largest automaker launched after the shock exit CEO Carlos Tavares in December.

The search for a new permanent CEO is "well under way", the company's interim executive committee led by Chairman John Elkann said in a statement, reiterating that the process would be concluded in the first half of this year.

On Monday it announced that head of North American operations Antonio Filosa, who is seen as a candidate to become the group's new CEO, is taking on the additional role of global chief for quality.

He will leave his job as head of the Jeep brand to Bob Broderdorf.

Alain Favey has been appointed head of the group's Peugeot brand, replacing Linda Jackson, a long-time serving manager under Tavares who is retiring.

Anne Abboud inherits Stellantis' Pro One commercial vehicles unit from Jean-Philippe Imparato, who has been leading Stellantis European operations since October.

Also as part of the reorganisation plan, Stellantis has integrated its software and engineering activities under Chief Engineering and Technology Officer Ned Curic, the company said.

Chief Software Officer Yves Bonnefont, a veteran of both Stellantis and previously Peugeot owner PSA, is leaving the group.

"Today's announcements will further simplify our organisation and increase our local agility and rigour of execution," Elkann said.

Stellantis also said it was giving greater powers to its regional heads in product planning and development and in industrial and commercial activities.

Tavares managed the merger between PSA and Fiat Chrysler in early 2021.

He then served as CEO of Stellantis but abruptly quit late last year after differences with leading shareholders following a profit warning in September.

(Reporting by Giulio Piovaccari; editing by Gianluca Semeraro and Jason Neely)

Recommended for you

  • Ukraine's military says it shot down 70 out of 151 drones launched by Russia overnight

  • China to roll back clean power subsidies after boom

  • Analysis-Investors return to new-look Middle East, but Trump causes some concern