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
Read more from Ethan BernardLatest in Automotive
Trump plans to relax some auto tariffs
It's just the latest change for US trade policy
North American auto assemblies up again in March
After a hard drop in December — the worst since July 2021 — assembly numbers have climbed three months in a row. Sentiment remains tempered, though.
Volvo plans to lay off up to 800 workers at US truck plants
The company cited uncertainty about freight rates and demand, regulatory changes and the impact of tariffs.
Tariff fallout: Canada strikes back, Stellantis idles, GM boosts production
Canada imposes auto tariffs, while automaker Stellantis temporarily idles some plants.
Price on Trade: Auto tariffs, auto parts, and Hyundai – a world of rapid changes
Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).