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 determination 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 this planet reported a 14% drop in its first-quarter income, and shares of the corporate have additional taken a success amid President Donald Trump’s U.S. import tariffs, that impacts 40% of all its gross sales in america, subsequently main the corporate to droop its full-year steering.
Filosa, a 51-year-old government who initially hails from Italy, brings over 25 years of expertise. Beginning at Fiat again in 1999, he has risen by the ranks throughout the firm. His tenure consists of pivotal roles corresponding to Chief Govt 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 most important marketplace for the American automaker exterior america.
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 minimize down on extra inventories, reorganized prime management, and engaged with sellers and unions. Govt 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 part.
“I’m grateful for the arrogance positioned in me. We’ve got 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 recent volatility into the business, together with margin pressures in Europe as Chinese language automakers proceed to achieve floor. Filosa’s quick priorities can be to additional stabilize the North American enterprise by shifting some manufacturing again to america, introducing aggressive pricing methods, and a recent car lineup throughout the model’s core markets. Whereas GM and Ford have made vital 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 perfect.
An Extraordinary Shareholder Assembly can be convened within the coming days to formalize Filosa’s election to the board, and the business can be eager to see how Filosa steers the corporate within the evolving automotive panorama.
Supply: Stellantis
