Automotive giant Stellantis (STLA) has announced a series of organizational changes in a bid to enhance operational efficiency and drive growth. This initiative comes amid mounting challenges in the auto industry, including a sluggish EV market, intensifying competition from Chinese manufacturers, and growing uncertainty over tariffs.
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Leadership Shifts to Improve Execution
As part of the restructuring, Stellantis has appointed Bob Broderdorf as the new head of Jeep and Alain Favey to lead the Peugeot brand. Additionally, Xavier Peugeot will oversee DS Automobiles, while Anne Abboud takes charge of Stellantis Pro One, the company’s commercial vehicle division.
Meanwhile, Antonio Filosa, previously responsible for Stellantis’ North American operations, has been given an expanded role overseeing global quality.
These leadership changes aim to enhance execution and customer responsiveness across the company’s global operations.
Stellantis Moves Forward with CEO Search
Along with these leadership changes, the company said that its search for a permanent CEO is progressing and is expected to be finalized within the first half of 2025.
It’s important to highlight that following the resignation of former CEO Carlos Tavares in December, Stellantis has been operating under an interim executive committee led by Chairman John Elkann.
Is STLA a Good Stock to Buy?
Given the ongoing challenges, STLA has a Hold consensus rating based on five Buys, eight Holds, and one Sell assigned in the last three months. At $13.94, the average Stellantis price target implies a 10.46% upside potential. Shares of the company have declined about 40% over the past year.
