Stellantis, the multinational automotive conglomerate, announced on Wednesday the appointment of Antonio Filosa as its new Chief Executive Officer, concluding a prolonged search for leadership following the unexpected December resignation of former CEO Carlos Tavares.
Filosa, previously serving as North American Chief Operating Officer and Jeep CEO, will officially assume CEO responsibilities starting June 23. The company has scheduled an extraordinary shareholder meeting to formalize his election to the board as an executive director.
Having dedicated 25 years to Stellantis, Filosa brings extensive experience, including his recent roles as North America COO since October 2024 and Chief Quality Officer since January 2025. He replaces Carlos Tavares, who stepped down amid declining profits, falling sales, and operational challenges in the United States.
Filosa remarked, "It is my great honor to be named the CEO of this fantastic Company," emphasizing the pivotal nature of the current automotive industry landscape.
Stellantis recently reported a 14% year-over-year decline in first-quarter net revenues and withdrew its full-year financial guidance due to uncertainties stemming from shifting U.S. trade policies under President Donald Trump. These policy fluctuations are expected to significantly impact the highly globalized supply chains and manufacturing operations integral to the automotive sector.
John Elkann, Stellantis’ executive chairman who had overseen an interim executive committee following Tavares' departure, will continue in his role. Elkann praised Filosa's deep understanding of the company and industry, highlighting his focus on the company's workforce as a core strength.
Despite these leadership changes, Stellantis shares have declined nearly 27% year-to-date on the Milan stock exchange, reflecting investor concerns amid ongoing market pressures.
