India, June 23 -- Antonio Filosa, a 25-year veteran of Stellantis who began his journey as a night-shift paint shop supervisor in Spain, has officially taken the helm as CEO.
Filosa steps into the role at a critical juncture, as Stellantis faces declining sales, eroding U.S. market share, and strained relationships with dealers and employees. His predecessor, Carlos Tavares, resigned amid tensions with the board following a 70% drop in profits and a 12% decline in global vehicle sales last year.
Filosa, 51, is seen as a leader shaped by the legacy of his mentor, the late Fiat Chrysler CEO Sergio Marchionne. Echoing Marchionne's philosophy, Filosa emphasized in his first message, "Mediocrity is not worth the trip." Colleagues describe him ...