Stellantis names Italian as new CEO

Franco-Italian-US automaker Stellantis yesterday named Antonio Filosa, the Italian head of its North American operations, as its new chief executive, effective from June 23.

- GIULIO PIOVACCARI GILLES GUILLAUME

Mr Filosa, 51, will be expected to focus on the challenging task of reviving Stellantis’ fortunes, especially on its key US market, after it suffered a 70% drop in net profit and a €6-billion ($6.75 billion) cash burn in 2024.

"The board selected Antonio Filosa to be CEO based on his proven track record of hands-on success during his more than 25 years in the automotive industry," Stellantis said in a statement.

Mr Filosa will also need to rein in Stellantis sprawling 14-brand portfolio — with analysts and experts expecting the automaker to terminate or sell some of them — and complete a process to restore the group's fraught relations with dealers, unions and governments.