A dare that went backwards.
Stellantis (NYSE: STLA ) in an unusual but not surprising Sunday release said that the Company’s Board of Directors, under the Chairmanship of John Elkann, has accepted Carlos Tavares’ resignation on 1 December 2024 as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief Executive Officer is well under way, as AutoInformed* previously reported, managed by a Special Committee of the Board. It will conclude within the first half of 2025. Until then, a new Interim Executive Committee, chaired by John Elkann, will be established.
“Stellantis’ success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board and the CEO. However, in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today’s decision,” said Henri de Castries, Stellantis’ Senior Independent Director.
“Our thanks go to Carlos for his years of dedicated service and the role he has played in the creation of Stellantis, in addition to the previous turnarounds of PSA and Opel, setting us on the path to becoming a global leader in our industry. I look forward to working with our new Interim Executive Committee, supported by all our Stellantis colleagues, as we complete the process of appointing our new CEO. Together we will ensure the continued deployment of the Company’s strategy in the long-term interests of Stellantis and all of its stakeholders,” said Chairman John Elkann. Elkan is part of the Agnelli family, which founded Fiat. He is the largest shareholder in Stellantis, via his inheritance of the Agnelli investment company Exor N.V. (EXO.AS).
*AutoInformed on
- Stellantis Bets the Company on STLA Frame
- Stellantis Q3 2024 – Shipments and Revenues Plunge
- C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show
- Stellantis Tanks in First Half of 2024 – Net Profit -48%
- Stellantis Promise or Puff? – Clean, Safe, Affordable Mobility
Stellantis said today that The Interim Executive Committee (“IEC”) will be responsible for the direction and oversight of the Company on behalf of the Board of Directors. The IEC will be chaired by John ELKANN. The committee shall be made up of the Chairman together with the following executives whose responsibilities are as follows:
• Xavier CHÉREAU: Human Resources and Heritage
• Ned CURIC: Engineering and Technology, Software and Free2move
• Arnaud DEBOEUF: Manufacturing and Supply Chain
• Antonio FILOSA: America’s (North and South America) Regions, Chrysler, Dodge, Jeep®️, Ram, and the Design North America organization, including Maserati Design
• Béatrice FOUCHER: Planning
• Jean-Philippe IMPARATO: Enlarged Europe, Pro One, and Abarth, Alfa Romeo, Citroën, DS, FIAT, Lancia, Opel and Peugeot. The Design Europe organization will also report to this position
• Douglas OSTERMANN: Finance
• Maxime PICAT: Purchasing and Supplier Quality and the regions of Middle East & Africa, India & Asia Pacific, and China together with Leapmotor International
• Philippe de ROVIRA: Affiliates
In support of the IEC and reporting directly to the Chairman will be the following Executive Vice Presidents:
• Bertrand BLAISE: Communications and CSR
• Olivier BOURGES: Customer Experience
• Giorgio FOSSATI: General Counsel
• Santo FICILI: Maserati in addition to Alfa Romeo
• Olivier FRANÇOIS: Marketing in addition to FIAT, Abarth and DS
• Clara INGEN-HOUSZ: Public Affairs
Richard PALMER is appointed as Special Adviser to the Chairman and will attend the IEC to act as a sounding board for the leadership team.