Stellantis N.V. (NYSE: / MTA / Euronext Paris: STLA / STLA.MI) said today that Andrea Agnelli, a director of Stellantis nominated by Exor N.V. will resign from his position on the Board of Directors of Stellantis*. Agnelli was appointed on 4 January 2021 for a four-year term of office beginning on 17 January 2021. The resignation will become effective at the closing of the 2023 Annual General Meeting of Stellantis.
Exor – (EXOR.AS), the Agnelli family holding company that controls the English Premier League Juventus football club, will designate a successor director at the annual meeting in accordance with Article 19.3 of the Stellantis’s Articles of Association.
The billionaire Juventus Chairman Andrea Agnelli could be tried over the football club’s accounting procedures and alleged illegal commissions or payments, as well as false transactions. He also resigned today as president from Juventus and his position at Exor. Curiously the BBC – normally rife with Premier League football coverage – is not featuring this news item as far as I can tell.
*Stellantis
Stellantis is one of the world’s leading automakers and a mobility provider. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. During 2021 Stellantis global sales were 6 million vehicles at $172 billion for 5th place by volume and 3rd in the world by total revenue. Stellantis was formed by a merger of FCA and PSA in January of 2021.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Effective Monday 13 Feb. 2023 prior to the stock exchanges market openings, the trading symbols of Stellantis common shares listed on Euronext will change. For the former Borsa Italiana (MTA) listing in Milan, it will become ‘STLAM’. For the Euronext Paris listing in Paris, it will become ‘STLAP’.
Given the migration of the Borsa Italiana markets onto the Euronext trading platform, it was necessary to create two separate trading symbols, as now the two order books will be traded in the same environment.
The ‘STLA’ trading symbol on the New York Stock Exchange remains unchanged.