Automotive
Stellantis CEO to step down early 2026, new N. America CEO announced
Written by Ethan Bernard
October 11, 2024
European automaker Stellantis’ CEO Carlos Tavares will step down at the conclusion of his CEO term in early 2026. The company announced other sweeping management changes, including a new North America CEO.
The automaker said the search for a successor to Tavares is already under way, who called this a “Darwinian period for the automotive industry.”
“Our duty and ethical responsibility is to adapt and prepare ourselves for the future, better and faster than our competitors to deliver clean, safe and affordable mobility,” Tavares said in a statement on Thursday.
The news comes as the company has recently lowered its 2024 guidance due to woes in the North American market and weakening global industry dynamics.
Likewise, the company announced a management shakeup, effective immediately, to enhance organizational performance in the “turbulent global environment.”
New CFO, N. America chief
Doug Ostermann has been appointed CFO. He succeeds Natalie Knight who is leaving the company. Ostermann has more than 19 years’ experience in finance across three international groups, including Stellantis.
Among the changes notable to the North American market, Antonio Filosa has been named North America CEO, in addition to his role as Jeep brand CEO.
He succeeds Carlos Zarlenga whose next position will be announced at a later date, Stellantis said.
Filosa previously led Stellantis’ South America Region.
Ethan Bernard
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