Stellantis streamlines leadership with interim executive committee

Stellantis N.V. recently participated in the Wolfe Research Virtual Autos Summit. The company's Chief Financial Officer, Doug Ostermann, spoke about Stellantis's current strategy and changes in leadership. Since the merger of PSA and FCA, Stellantis has faced ups and downs. The company has many well-known brands like Jeep, Ram, and Maserati. These brands have the potential for significant growth if the company can improve its performance in North America and Europe. Ostermann highlighted their new decision-making structure. The executive team has been reduced from about 30 senior executives to roughly nine. This change aims to create a more agile company. It is expected to speed up decision-making and align Stellantis with practices seen at other large corporations. The discussion at the summit focused on the future strategies of Stellantis as they navigate through a critical period in the automotive industry.