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 choice 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 income. Filosa’s appointment comes at a turbulent time the place the fourth-largest automaker on the earth 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 by 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 beneath his management, making it the biggest marketplace for the American automaker exterior the USA.
In newer instances, 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 high 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 by this transitional section.
“I’m grateful for the boldness positioned in me. We now have 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 increased than ever. President Trump’s introduction of tariffs within the U.S. Commerce coverage brings contemporary volatility into the business, together with margin pressures in Europe as Chinese language automakers proceed to achieve floor. Filosa’s quick priorities might be to additional stabilize the North American enterprise by shifting some manufacturing again to the USA, introducing aggressive pricing methods, and a contemporary car lineup throughout the model’s core markets. Whereas GM and Ford have made important investments in electrical autos, a pivot in direction of Stellantis serving up a rising demand for hybrid fashions to cater to customers not but prepared for electrification, throughout its 14 manufacturers, could be superb.
An Extraordinary Shareholder Assembly might be convened within the coming days to formalize Filosa’s election to the board, and the business might be eager to see how Filosa steers the corporate again to profitability within the evolving automotive panorama.
Supply: Stellantis
