Antonio Filosa Named Stellantis CEO After Tavares Exit

Stellantis has named Antonio Filosa, a 25-year company veteran and current North American Chief Operating Officer, as its new CEO following a nearly six-month search after Carlos Tavares resigned. Filosa, who officially assumes the role on June 23, is credited with revitalizing Fiat and Jeep brands in the Americas. His immediate priorities include reviving U.S. market performance, navigating potential new tariffs, and possibly streamlining the company's 14-brand portfolio for greater profitability. While board members and executive chairman John Elkann expressed confidence in Filosa's leadership, some investors and analysts raised concerns about his relatively limited North American experience and questioned if an outsider might have driven more radical change. Filosa plans to announce a new management team and has stressed the importance of strengthening relationships with dealers, suppliers, and employees. The market's reaction to his appointment was muted, reflecting ongoing uncertainty about Stellantis’ future amid industry and trade challenges.