AMSTERDAM – To drive simplification and enhance organizational performance in a turbulent global environment, Stellantis announced targeted management changes, effective immediately, under the leadership of CEO Carlos Tavares to “redouble the company’s focus on its key business priorities and confront head-on the global challenges facing the industry.”
Stellantis announced the changes in a press release posted to its website.
According to a report from Bloomberg, quoting “people familiar with the situation, Tavares is planning the reshuffle in response to the automaker’s disastrous profit warning.
Board members are also expected to discuss Tavares’ future, Bloomberg’s sources said.
Stellantis’ U.S. shares extended gains after the news, rising as much as 3.2%, according to Bloomberg. The stock is down around 42% this year.
Changes announced in the Stellantis press release include:
- Antonio Filosa is appointed North America Chief Operating Officer in addition to his role as Jeep brand CEO succeeding Carlos Zarlenga, whose next position will be subject to a further announcement.
- Jean-Philippe Imparato is appointed Chief Operating Officer Enlarged Europe in addition to his role as CEO of Pro One, succeeding Uwe Hochgeschurtz, who will leave the company.
- Doug Ostermann is appointed Chief Financial Officer, succeeding Natalie Knight, who will leave the company.
- Gregoire Olivier is appointed as Chief Operating Officer China and remains the Liaison Officer to Leapmotor, leveraging his expert knowledge and experience of the Chinese market.
- Santo Ficili is appointed CEO of Maserati and Alfa Romeo and member of the Top Executive Team, taking advantage of his extensive knowledge of the automotive sector and commercial operations.
Stellantis CEO Carlos Tavares said: “During this Darwinian period for the automotive industry, our duty and ethical responsibility is to adapt and prepare ourselves for the future, better and faster than our competitors to deliver clean, safe and affordable mobility,” Tavares said. “The newly appointed leadership team members will make their valuable contributions to our overall team’s determination to tackle the challenges ahead, reinforcing and accelerating our transformation to become the preferred mobility tech company.”
John Elkann, Chairman of the company’s Board of Directors, said the board is unanimous in its support of (Tavares).
“We are confident that these steps to simplify our organization will strengthen our leadership team as they work to restore the Company’s performance to industry leading levels,” Elkann said.
The company also confirmed that the formal process to identify a successor to Tavares when he retires at the conclusion of his CEO term in early 2026 is already under way.
