Scott Krugger named head of North America design at Stellantis

AUBURN HILLS, Mich. - Stellantis (NYSE:STLA), the $26.2 billion automotive giant currently trading below its InvestingPro Fair Value, has appointed Scott Krugger to the newly created position of head of North America design, the company announced Thursday. Krugger will oversee creative direction and design strategy for the company’s North American brands including Chrysler, Dodge, Jeep and Ram.

In his new role, Krugger will report to Antonio Filosa, North America chief operating officer. The appointment is part of Chief Design Officer Ralph Gilles’ restructured design organization, which aims to combine global expertise with regional autonomy at a time when the company maintains a significant market presence with $162.5 billion in revenue over the last twelve months.

Krugger, who joined the company in 2001, previously managed exterior design for Dodge and Dodge//SRT vehicles. He also spent five years leading Alfa Romeo, Jeep and user experience design at the company’s EMEA design studio.

The announcement follows last week’s appointment of Gilles Vidal to lead design for Stellantis’ European brands. Both appointments represent key steps in implementing Gilles’ new design structure, according to the company’s press release.

Gilles, who reports directly to Stellantis CEO Antonio Filosa, will focus on global design strategy while collaborating with regional design heads on brand direction.

"Scott’s appointment in North America and Gilles’ arrival in Europe are key to our new design organization and to our plans to bring inspiring and exciting products to the North American and European markets," Gilles said in the statement.

Stellantis was formed through the merger of Fiat Chrysler Automobiles and the PSA Group in 2021. The company is celebrating 100 years of operations in the U.S. and Canada in 2025. Despite recent challenges, including a 27% decline in share price over the past six months, the company maintains a robust 6.4% dividend yield. InvestingPro analysis reveals 12 additional key insights about Stellantis’s financial health and market position.

In other recent news, Stellantis reported its preliminary first-half 2025 financial results, revealing an adjusted operating income of €0.5 billion, which was significantly below expectations. The company also faced negative industrial free cash flow of €3.0 billion, affected by increased industrial costs, geographic factors, foreign exchange issues, and a €0.3 billion impact from U.S. tariffs. Despite these challenges, Morgan Stanley maintained an Overweight rating on Stellantis with a price target of €8.50. Conversely, Wolfe Research downgraded Stellantis from Peerperform to Underperform, citing weak fundamentals and concerns about its North American truck business, setting a price target of approximately €6.

Citi also maintained a Neutral rating, expressing concerns about Stellantis’ near-term recovery prospects. In terms of supply chain developments, Stellantis reported no current bottlenecks in rare earth supplies from China, although past management of the situation had been challenging. Additionally, China has granted temporary export licenses to rare-earth suppliers for Stellantis, among other U.S. automakers, to mitigate potential supply disruptions. These licenses will be valid for six months, though specific details about the quantities or items remain undisclosed.

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