(Alliance News) - Rumors continue but without official confirmation: Antonio Filosa could become the new CEO of Stellantis, replacing Carlos Tavares.
According to Bloomberg, the board of directors, chaired by John Elkann, will decide by the end of June. Other candidates include Mike Manley, formerly of FCA, and José Munoz of Hyundai.
Filosa, 50, from Naples, has been with Fiat since 1999. Highly regarded by Sergio Marchionne, he led the Brazilian market and is now Chief Operating Officer for the Americas. Previously, he was CEO of Jeep, a leading brand in Brazil and strategic in the US, with over one million registrations in 2024.
North America remains crucial for Stellantis, which saw revenues fall by 27% in 2024, with operating margins down from 15.4% to 4.2%.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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Carlos Tavares is a Portuguese businessperson who has been at the head of 7 different companies and holds the position of Chief Executive Officer & Executive Director at Stellantis NV and Chairman at Peugeot Citroën Automobiles SA (a subsidiary of Stellantis NV). Mr. Tavares is also on the board of Airbus SE and Airbus Holding SA and Chairman at Fondation PSA Peugeot Citroën.
Mr. Tavares previously held the position of President of European Automobile Manufacturers Association, Chief Operating Officer of Renault SA, Director at Nissan Motor Co., Ltd. and Chairman & President for Nissan North America, Inc. (a subsidiary of Nissan Motor Co., Ltd.), General Manager-Micro Enterprise at Bed & Breakfast Association of Kentucky, Member-Managing Board at Renault-Nissan-Mitsubishi Alliance, Chairman-Supervisory Board at Opel Automobile GmbH and Chairman-Management Board at Peugeot SA.
Mr. Tavares received an undergraduate degree from École Centrale Paris.
Stellantis N.V. is one of the world's leading car manufacturers. The activity is essentially organized around 4 sectors:
- sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands;
- sale of luxury vehicles: Maserati and DS Automobiles brands;
- sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.;
- other: financing services (purchase, rental, leasing, etc.), after-sales services, etc.
Net sales are distributed geographically as follows: the Netherlands (0.8%), North America (41.6%), France (10.3%), Brazil (7.6%), Italy (6.8%), Germany (5.2%), the United Kingdom (5%), Türkiye (3.8%), Spain (2.7%), Belgium (1.5%), China (0.2%) and other (14.5%).
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