Investing.com -- Stellantis (NYSE:STLA), the French-Italian automaker, is nearing a decision on its next CEO, with five candidates now shortlisted, according to Reuters, citing insiders. This decision comes during a challenging time for the auto industry, and the new leader will be tasked with steering the company through these difficulties.
The company, known for brands such as Jeep and Peugeot (OTC:PUGOY), is expected to update investors on the hiring process during an annual general meeting in Amsterdam later on Tuesday. The meeting will also likely shed light on Stellantis’ plans to manage the 25% tariffs on foreign auto imports imposed by President Donald Trump.
The search for a new CEO follows the abrupt departure of former CEO Carlos Tavares in December. His exit came after a significant drop in sales and profit, leaving behind strained relationships with suppliers, dealers, and shareholders.
The automaker aims to finalize the appointment of Tavares’ successor by the end of the first half of the year. Two internal candidates have been shortlisted: Antonio Filosa, head of the North America business, and Maxime Picat, head of procurement. Three external candidates have also been interviewed, according to sources who wished to remain anonymous, the report noted. All the shortlisted candidates are male.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.