Stellantis (STLA) announced that its board of directors has unanimously selected Antonio Filosa as its new CEO following a thorough search process of internal and external candidates, undertaken by a special committee of the board, led by executive chairman John Elkann. The company will now hold an extraordinary shareholder meeting, which will be called in the coming days, for Antonio Filosa to be elected to the board to serve as an executive director of the company. Meanwhile, to give him full authority and ensure an efficient transition, the board has granted him CEO powers effective June 23. Filosa has led Stellantis in both North and South America. John Elkann will continue in his role as executive chairman when Antonio Filosa takes up his position as CEO on June 23. At that time, Antonio Filosa will also announce Stellantis’ new leadership team.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLA:
- Archer Aviation (ACHR) Isn’t at Hill Valley Yet — But the Stock’s Trajectory Is Turning Heads
- Ituran announces new OEM service agreement with Stellantis in South America
- EU new car registrations up 1.3% in April
- Stellantis Stock (NYSE:STLA) Stock Slides as Electric Dodge Charger Delayed in Canada
- Senate votes in favor of blocking California ban on gas-only vehicles