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Stellantis considers internal candidates for CEO role

Published 03/12/2024, 05:50 am
© Reuters.
STLAM
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Following the abrupt resignation of Stellantis (NYSE:STLA) CEO Carlos Tavares late on Sunday due to disagreements with the board and leading shareholders, the company is actively searching for his successor.

The board is evaluating internal candidates, including Antonio Filosa, head of North American operations, and Maxime Picat, the procurement chief, according to Reuters.

While internal candidates are being considered, the source also indicated that the board is open to evaluating external candidates for the CEO position. As of now, a Stellantis representative has chosen not to comment on the matter.

Maxime Picat, who presently holds the position of chief purchasing and supplier quality officer at Stellantis, has a history with the company that dates back to the formation of the group in January 2021. At that time, he served as the chief operating officer for the enlarged Europe region.

With a career that began in 1998 at Peugeot (OTC:PUGOY) maker PSA, the 50-year-old French civil engineer has held several significant roles, including managing director of the DongFeng Peugeot Citroen Automobiles joint venture in China.

Antonio Filosa, an Italian national, has been with the company since 1999, starting his career at Fiat (BIT:STLAM). He has held various positions within the company and was appointed as Fiat Chrysler chief in the Latin America region in 2018.

Prior to his current role, he served as Stellantis chief operating officer for South America. In October, during a management reshuffle following a profit warning about the 2024 results, Filosa was named chief operating officer of Stellantis' North American operations. In 2023, he also took on the role of global head of the Jeep brand, a position he continues to hold.

The search for a new CEO comes at a pivotal time for Stellantis as the automotive industry faces challenges and transitions toward electric vehicle production.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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