Stellantis CEO Resignation and Succession Search

Following the abrupt resignation of Stellantis (NYSE:STLA) CEO Carlos Tavares late on Sunday due to disagreements with the board and leading shareholders, the company is actively searching for his successor.

The board is evaluating internal candidates, including Antonio Filosa, head of North American operations, and Maxime Picat, the procurement chief, according to Reuters.

While internal candidates are being considered, the source also indicated that the board is open to evaluating external candidates for the CEO position. As of now, a Stellantis representative has chosen not to comment on the matter.

Profile of Candidates

• Maxime Picat

  • Current Position: Chief Purchasing and Supplier Quality Officer
  • Background: Has been with Stellantis since its formation in January 2021; previously served as COO for the enlarged Europe region.
  • Experience: Career began in 1998 at Peugeot; held significant roles in the DongFeng Peugeot Citroen Automobiles joint venture in China.

• Antonio Filosa

  • Nationality: Italian
  • Career Start: Joined Fiat in 1999; held various positions within the company, appointed as Fiat Chrysler chief in Latin America in 2018.
  • Current Role: Was COO of Stellantis' South America operations; appointed COO for North America in October and global head of the Jeep brand.

The search for a new CEO comes at a pivotal time for Stellantis as the automotive industry faces challenges and transitions toward electric vehicle production.

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