Amsterdam, December 2, 2024 - The process to appoint a new permanent CEO of Stellantis is well under way, it will be led by a special committee of the Board adn it is expected to be completed in the first half of 2025. Until the appointment the new Chief Executive Officer,the following organization will be implemented immediately.
The Interim Executive Committee (“IEC”) will be responsible for the governance and oversight of the Company on behalf of the Board. John ELKANN is the Chairman of the IEC.The Committee is made up of the Chairman and the following executive officers, whose responsibilities are as follows:
Jean-Philippe IMPARATO Europe Enlarged Region, Stellantis Pro One, Abarth, Alfa Romeo, Citroën, DS, FIAT, Lancia, Opel and Peugeot. The European design organization will also report on that position.
Richard PALMER has been appointed as Special Adviser to the Chairman. He will attend the IEC to act as a sounding board for the leadership team.
For more data contact:
Sascha WOLFINGER +49 173 3200402 – [email protected]
Nico SCHMIDT +49 6142 692 4093 – [email protected]
Harald SCHMIDT +49 6142 692 3737 – [email protected]
– How does the interim leadership structure at Stellantis influence decision-making during the CEO appointment process?
Interview with Automotive Industry Expert on Stellantis CEO Appointment Process
Time.news Editor (TNE): Thank you for joining us today. As we certainly know, Stellantis is in the process of appointing a new permanent CEO to replace the interim leadership. Can you explain the significance of this leadership change?
Expert (E): Absolutely, the appointment of a new CEO is a pivotal moment for Stellantis, a major player in the automotive industry. It can determine the strategic direction of the company and influence how it adapts to evolving market demands. The new CEO will need to address challenges such as sustainability, electric vehicle progress, and competitive positioning in a rapidly changing landscape.
TNE: The Interim Executive committee (IEC) is currently overseeing the company. How is it structured and who are the key players involved?
E: The IEC is led by John Elkann, who serves as the Chairman.Alongside him, Jean-Philippe imparato, responsible for a wide range of European brands including Peugeot and Fiat, will oversee operations. richard Palmer, acting as Special Adviser to the Chairman, plays a critical sounding board role that continues to offer insights and support to the IEC’s leadership decisions.
TNE: What can we infer about Stellantis’s strategic planning with this interim structure?
E: The establishment of the IEC suggests that the Board is taking a very strategic and cautious approach. By appointing experienced leaders from within the company to this committee, Stellantis aims to maintain continuity and stability during what is frequently enough a tumultuous period of transition. This could also signal to investors and stakeholders that the company is committed to a steady path forward.
TNE: with this committee playing a crucial role until a new CEO is appointed in 2025, what should industry observers look out for during this interim period?
E: Industry observers should pay attention to how stellantis implements its ongoing strategies, notably in electrification and sustainability initiatives. The decisions made by the IEC will likely set the groundwork for the incoming CEO, so monitoring new partnerships, investments, and product launches will be important. Additionally, watch for how Stellantis engages with emerging technologies, which is vital in keeping pace with competitors.
TNE: What practical advice would you give to stakeholders—be it investors, employees, or customers—during this transition period?
E: Stakeholders should stay informed and engage with recent updates from Stellantis. For investors, this means assessing the company’s long-term vision and potential for growth in the EV market. Employees should be proactive in seeking clarity about their roles and how they align with evolving business strategies. Customers, particularly those interested in Stellantis’ brands, should keep an eye out for innovative offerings and sustainability commitments that may arise during this transition.
TNE: what implications could this leadership transition have on Stellantis in the long-term?
E: Leadership transitions can have profound implications. A new CEO may introduce fresh perspectives,strategic changes,or a shift in corporate culture. If the chosen candidate can effectively address current challenges and capitalize on opportunities, Stellantis could strengthen its market position, particularly in the European automotive sector. However, a misalignment between leadership and market demands could pose risks as well. It’s a critical time for the company, and the right leadership will be key to its future success.
TNE: Thank you for your insights today. It’s clear that the CEO appointment process at Stellantis will play a crucial role in shaping the company’s future.
E: Thank you for having me. I look forward to seeing how Stellantis evolves in the coming years.