Stellantis, the automotive conglomerate behind manufacturers like Jeep, Dodge, Chrysler, RAM, Peugeot, Alfa Romeo, and Fiat, has appointed Antonio Filosa as its new CEO, efficient June 23, 2025. This resolution ends months of uncertainty following the abrupt departure of former CEO Carlos Tavares, whose tenure got here to an finish in December 2024 amid sluggish gross sales and declining earnings. Filosa’s appointment comes at a turbulent time the place the fourth-largest automaker on this planet reported a 14% drop in its first-quarter income, and shares of the corporate have additional taken successful amid President Donald Trump’s U.S. import tariffs, that impacts 40% of all its gross sales in the USA, subsequently main the corporate to droop its full-year steering.
Filosa, a 51-year-old govt who initially hails from Italy, brings over 25 years of expertise. Beginning at Fiat again in 1999, he has risen via the ranks inside the firm. His tenure consists of pivotal roles corresponding to Chief Government Officer for South America and the Americas, in addition to the CEO of the Jeep model. Most notably, Jeep’s presence expanded considerably in Brazil below his management, making it the most important marketplace for the American automaker exterior the USA.
In more moderen occasions, Filosa has been quietly reforming and revitalising Stellantis’ struggling U.S. operations. Since being appointed because the Chief Working Officer of the Americas final October, he has lower down on extra inventories, reorganized prime management, and engaged with sellers and unions. Government Chairman John Elkann, who has led an interim committee since Traves’ exit, emphasised Filosa’s deep understanding of the corporate, stating that his management qualities are well-suited to information Stellantis via this transitional part.
“I’m grateful for the boldness positioned in me. We have now the world’s most iconic automotive manufacturers and a century-long legacy of innovation. I’m dedicated to constructing on that basis.” – Antonio Filosa
The stakes are additionally now larger than ever. President Trump’s introduction of tariffs within the U.S. Commerce coverage brings recent volatility into the business, together with margin pressures in Europe as Chinese language automakers proceed to realize floor. Filosa’s rapid priorities will probably be to additional stabilize the North American enterprise by transferring some manufacturing again to the USA, introducing aggressive pricing methods, and a recent automobile lineup throughout the model’s core markets. Whereas GM and Ford have made important investments in electrical autos, a pivot in the direction of Stellantis serving up a rising demand for hybrid fashions to cater to customers not but prepared for electrification, throughout its 14 manufacturers, can be very best.
An Extraordinary Shareholder Assembly will probably be convened within the coming days to formalize Filosa’s election to the board, and the business will probably be eager to see how Filosa steers the corporate again to profitability within the evolving automotive panorama.
Supply: Stellantis
