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.
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.