It’s been a little over a year since Fiat Chrysler Automobiles (FCA) and Groupe PSA officially agreed on this full-scale merger, but now we’re finally at this point. Yes, ladies and gents—a new automotive industry giant named Stellantis has been born.
A new structure
Taking the helm of the new company are its two executive directors, chairman John Elkann and chief executive officer Carlos Tavares. Nine non-executive directors were also appointed: vice chairman Robert Peugeot, senior independent director Henri de Castries, Andrea Agnelli, Fiona Clare Cicconi, Nicolas Dufourcq, Ann Frances Godbehere, Wan Ling Martello, Jacques de Saint-Exupery, and Kevin Scott.
The board of directors also appointed a new Audit Committee, a Remuneration Committee, and a Governance and Sustainability Committee, the members of which will be the people mentioned above.
With this merger, Stellantis now becomes the fourth-largest original equipment manufacturer by volume and third-largest by revenue. No word yet, however, whether the company’s new CEO will decide to shut down the Chrysler brand for good.
In any case, what do you think of these moves, readers? Are you looking forward to seeing what vehicles this new carmaker will roll out in the coming years?
