Investing.com -- Stellantis (EPA:STLAM) on Monday said it is making changes to its internal structure as it continues the search for a new permanent chief executive officer, a process that is expected to be completed in the first half of 2025.
The company announced a series of adjustments aimed at simplifying operations, increasing local decision-making power, and reinforcing customer engagement.
The restructuring will enhance regional autonomy in product planning, development, and commercial operations while maintaining coordination with global functions.
This move is intended to streamline decision-making processes and execution, allowing for greater responsiveness to market demands.
Among the most notable changes, Stellantis (NYSE:STLA) has integrated its software activities into a newly established Product Development & Technology division, which will be led by Ned Curic.
The objective is to consolidate technological innovation and product development to better serve all the company’s brands across various markets.
Antonio Filosa, currently serving as chief operating officer for Stellantis’ Americas regions, will now also oversee the global Quality division.
His expanded role underscores the company’s focus on improving product reliability and customer satisfaction.
Further structural modifications include the merging of Corporate Affairs and Communications under the leadership of Clara Ingen-Housz, a move aimed at ensuring consistent messaging and engagement with stakeholders.
Additionally, Stellantis has established a new Marketing Office, led by Olivier François, which will centralize brand marketing efforts, advertising, and sponsorship activities.
Several leadership appointments have also been confirmed. Bob Broderdorf will now head the Jeep brand, while Alain Favey, a new addition to the company, will take charge of Peugeot (OTC:PUGOY).
Xavier Peugeot has been appointed to lead DS Automobiles, and Anne Abboud will head Stellantis Pro One, the company’s commercial vehicles division.
Stellantis chairman John Elkann in a statement said that these structural changes build upon adjustments announced in December and are aimed at strengthening the company’s operational efficiency.
The company has been undergoing a leadership transition since the departure of its former chief executive, and the process to appoint a new leader is being overseen by a special committee of the Board of Directors.
According to Stellantis, these measures are part of a broader effort to balance regional and global responsibilities while positioning the company for continued success in a rapidly evolving automotive industry.
Shares of the Netherlands-based automaker, were down 6.8% at 04:52 ET (09:52 GMT).