Stellantis (NYSE: STLA) said today it is taking more steps to simplify its organization aligned with its shakeup in December 2024. These measures allow for the right balance between regional and global responsibilities to enable speed of decision and execution. They further reinforce Stellantis’ commitment to listening to the voice of the customer and lay the ground for renewed growth. (Read AutoInformed.com on: Carlos Tavares Out as Stellantis CEO and Stellantis Q3 2024 – Shipments and Revenues Plunge)
“Through targeted organizational adjustments, the regions now have enhanced local decision-making and execution capabilities in respect of product planning, product development, industrial and commercial activities, while maintaining coordination with the Company’s global functions to best serve their customers,” Stellantis said. However, there still is no new permanent Chief Executive Officer from the Special Committee of the Board of Directors at a time when Trump’s executive orders – viz tariff’s – are wreaking havoc in the auto industry. Stellantis shares are down ~8% this morning.
Changes at a Glance
- Software activities are now integrated into a Product Development & Technology organization, led by Ned Curic, streamlining the process of bringing to market innovative products and services for all the brands in all the markets where the Company operates.
- In addition to his current role as America’s Regions COO, Antonio Filosa takes on the global leadership of Quality, which is core to the Company’s promise to customers.
- Corporate Affairs and Communications are combined to better support the Company’s constant engagement with all its stakeholders led by Clara Ingen-Housz.
- A new Marketing Office is created, led by Olivier François, regrouping the brand marketers to better support the brands, in particular through its advertising, global events and sponsorships.
- Bob Broderdorf is appointed to lead the Jeep® brand.
- Alain Favey joins Stellantis and is appointed to lead the Peugeot brand.
- Xavier Peugeot is appointed to lead the DS Automobiles brand.*
- Anne Abboud is appointed to lead Stellantis Pro One commercial vehicles unit.
*Xavier Peugeot, 60, who holds a master’s degree in management and a master’s degree from the universities of Paris la Sorbonne and Paris Dauphine respectively, joined the PSA Peugeot Citroën group in 1994. He held various positions in the fields of sales and marketing, including Director of the Peugeot Netherlands subsidiary between 2005 and 2007, and Marketing and Communication Director of the Peugeot brand from 2009 to 2011. In 2012, as Peugeot Product Director, he made a major contribution to the construction of a coherent and global range for the lion brand. In 2014, he took over the management of Citroën Product and promoted the renewal of an attractive range aimed at making mobility accessible to all. In 2019, he became Director of the Commercial Vehicles Business Unit, for PSA and then Stellantis.
More Stellantis Executive Changes as Stock Drops
Stellantis (NYSE: STLA) said today it is taking more steps to simplify its organization aligned with its shakeup in December 2024. These measures allow for the right balance between regional and global responsibilities to enable speed of decision and execution. They further reinforce Stellantis’ commitment to listening to the voice of the customer and lay the ground for renewed growth. (Read AutoInformed.com on: Carlos Tavares Out as Stellantis CEO and Stellantis Q3 2024 – Shipments and Revenues Plunge)
“Through targeted organizational adjustments, the regions now have enhanced local decision-making and execution capabilities in respect of product planning, product development, industrial and commercial activities, while maintaining coordination with the Company’s global functions to best serve their customers,” Stellantis said. However, there still is no new permanent Chief Executive Officer from the Special Committee of the Board of Directors at a time when Trump’s executive orders – viz tariff’s – are wreaking havoc in the auto industry. Stellantis shares are down ~8% this morning.
Changes at a Glance
*Xavier Peugeot, 60, who holds a master’s degree in management and a master’s degree from the universities of Paris la Sorbonne and Paris Dauphine respectively, joined the PSA Peugeot Citroën group in 1994. He held various positions in the fields of sales and marketing, including Director of the Peugeot Netherlands subsidiary between 2005 and 2007, and Marketing and Communication Director of the Peugeot brand from 2009 to 2011. In 2012, as Peugeot Product Director, he made a major contribution to the construction of a coherent and global range for the lion brand. In 2014, he took over the management of Citroën Product and promoted the renewal of an attractive range aimed at making mobility accessible to all. In 2019, he became Director of the Commercial Vehicles Business Unit, for PSA and then Stellantis.