According to foreign media reports, recently, Stellantis’ new CEO Antonio Filosa has appointed its executive team, with most executives remaining in their original positions, except for Maxime Picat, head of procurement and former head of Europe.
The outgoing Maxime Picat was once seen as a potential successor to Tang Weishi. Another departing executive is Beatrice Foucher, chief planning officer, who was the head of the DS brand.
Stellantis said in a press release that the group’s leadership team consists of 13 members. In addition to his role as CEO, Philosa will retain his role as head of North American and U.S. brands (Chrysler, Dodge, Jeep and Ram).
Image credit: Stellantis
Chief Financial Officer Doug Ostermann will be responsible for mergers and acquisitions, and Jean-Philippe Imparato will continue to lead Europe and European brands, with responsibilities extending to the management of the Maserati brand.
Richard Palmer, who was previously the CFO of Fiat Chrysler and the first CFO of Stellantis, will continue to serve as a strategic advisor.
Other members of the Stellantis Group executive team include: Emanuele Cappellano, Head of South America and Pro One, Commercial Vehicles Business Unit; Phillippe de Rovira, Head of Business for the Americas and Outside Europe and Head of Financial Services at Stellantis; Davide Mele, Head of Product Planning; Ned Curic, Head of Product Development & Technology (retained); Sebastien Jacquet, Director of Quality (newly appointed in June); Monica Genovese, Director of Purchasing (replacing Picat); Scott Thiele, Director of Supply Chain (new, previously held by Picat); Arnaud Deboeuf, Head of Manufacturing; Xavier Chereau, Head of Human Resources; Clara Ingen-Housz, Head of Corporate Affairs & Communications.
In addition to the leadership team members, Filosa will directly manage four executives: Ralph Gilles, Director of Design, Olivier Francois, Head of Marketing, Alison Jones, Head of Component Services and Circular Economy, and Giorgio Fossati, General Counsel.
After the news broke, Stellantis’ stock price fell by 5.7% in the Italian stock market. Its stock price has fallen by more than a third this year.
Philosa was appointed in late May to succeed Carlos Tavares as CEO, officially taking office on June 23. After the establishment of Stellantis (formed by the merger of PSA Group and Fiat Chrysler Automobiles) in 2021, Tang Weishi led the company to three years of outstanding performance, but resigned due to an unexpected profit warning in December last year.
Stellantis Group is currently in multiple operational difficulties: the U.S. market, which is its core source of profit, has suffered a continuous decline in sales, the inventory backlog problem left over from the tenure of former CEO Tang Weishi needs to be solved urgently, and there are obvious shortcomings in the main product line, especially the weak performance of the Jeep brand in the U.S. market, and at the same time, the relationship with suppliers and dealers continues to be tense.
After Tang Weishi’s departure, Stellantis Chairman John Elkan established an interim executive committee. Since then, Filosa has begun to repair relations with Imparato, the head of the European brand, and inventory has declined during the tenure of CFO Ostermann, but sales have not yet rebounded.
After taking office, Filosa’s top priorities include: curbing the continued decline in sales in the U.S. market, but the current tariff policies imposed by the Trump administration are driving up business operating costs and causing supply chain disruptions. At the same time, he also has to deal with the European marketCapacityIn the region, Chinese automakers led by BYD are expanding their market share with their price advantages, which has led to continued sluggish Stellantis deliveries.