New Stellantis CEO makes changes in executive team to address challenges

From Yahoo Finance: 2025-06-23 10:04:00

Shares of Jeep parent Stellantis have dropped 30% this year. New CEO Antonio Filosa made significant changes to the executive lineup on his first day, aiming to leverage the company’s strengths. Filosa took over in May after former CEO Carlos Tavares left due to conflicts with the board. Stellantis faces challenges in bouncing back from declining sales and tough competition. The company reported a 14% drop in first-quarter sales to 35.8 billion euros. Stellantis shares fell 1.3% on Monday morning, adding to their 30% decline this year.

Read more: New Stellantis CEO Shakes Up Executive Team in First Day on the Job