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Investing.com -- Stellantis NV (NYSE:STLA), the manufacturer of Jeep SUVs, Ram pickups, and Fiat (BIT:STLAM) hatchbacks, is reportedly nearing the final stages of its search for a new chief executive officer. Antonio Filosa, the company’s Americas boss, has emerged as the leading candidate, according to a report from Bloomberg News, citing anonymous sources familiar with the matter. These sources, who asked not to be identified, also stated that the situation is still not confirmed and the company’s board, led by Chairman John Elkann, could potentially choose a different candidate.
The hunt for a new CEO began after Carlos Tavares was ousted from the position in December. At the time, Stellantis informed investors that a new CEO would be appointed in the first half of this year. However, five months into the search, there is growing concern within the company about the need to make a selection soon, as decision-making processes have reportedly slowed without a permanent top executive in place. Stellantis announced last week that it was suspending its guidance for a moderate recovery this year, following a profit drop in 2024. This decision was made due to the uncertain impact of tariffs imposed by U.S. President Donald Trump, and the company also stated that it would be reviewing its capital spending plans.
Despite these concerns, a spokesperson for Stellantis confirmed that no decision has been made yet and the timeline for nominating the new CEO remains unchanged.