Stellantis Names Antonio Filosa CEO amid Mixed Opinions and Market Challenges

Antonio Filosa takes on the CEO role in Stellantis, although many hold mixed opinions, as the company struggles to reverse the damage done by its previous leaders.

Antonio Filosa stepping in as CEO of Stellantis has led to many people discussing what the future might look like for the company. A lot of people in the industry agree that this decision is largely driven by hope and not by experience. Filosa, previously in charge of operations in the Americas, is now dealing with the challenge of fixing the harm that Carlos Tavares did as CEO by dropping sales and investor confidence in the region.

Opinion from investors had little reaction after the announcement and Stellantis stock went down 3% on the Milan Stock Exchange. There are those who think it’s positive that Filosa spent so much time with the company, providing valuable knowledge and those who believe it could slow down new and creative ideas in the company.

Having worked as Jeep’s CEO can be seen as a strength for Filosa. What some question is how fast Macron can make the changes necessary to overcome the U.S. and financial pressures.

The poor choices made by Tavares such as improper pricing and unsold items, leave a difficult situation for the company. A lot of investors believe the board missed the chance to hire someone from the outside with fresh ideas, increasing the chance of Stellantis repeating earlier mistakes.

Many call for Filosa to be cautious and to draw lessons from the missteps of past insiders, as the automaker’s comeback is considered very important.