Stellantis has announced a radical global management shake-up as the European carmaker behind the Peugeot, Fiat and Jeep brands seeks to reverse its fortunes amid declining profits and steep production cuts.
The carmaker said on Thursday night that Antonio Filosa, CEO of Jeep, would be the new head of its US operations, and Doug Ostermann would replace Natalie Knight as group chief financial officer. The Maserati and Alfa Romeo marques would have a new chief executive, and there would be new chief operating officers for the China and Europe regions.
Chief executive Carlos Tavares said that “during this Darwinian period for the automotive industry our duty and ethical responsibility is to adapt”.
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