DETROIT — “Mediocrity is not worth the trip.” This was the first public message from Antonio Filosa, the incoming CEO of Stellantis, as he steps into the role of leading the global automaker. Filosa, who has spent 25 years climbing the ranks from a night shift paint shop supervisor in Spain, inherits a company facing significant hurdles.
Immediate Impact
Filosa, known for his engaging leadership style, officially assumes the CEO role on Monday. He follows in the footsteps of his mentor, the late Sergio Marchionne, a revered figure in the company who unexpectedly passed away in 2018. Marchionne’s legacy looms large, as Filosa aims to channel his dynamic approach to turn around the embattled carmaker.
Key Details Emerge
The most recent CEO, Carlos Tavares, resigned abruptly in December amid disagreements with the board, sales declines, and a 70% drop in net profit last year. Industry experts say Filosa will need to mend relationships with dealers, politicians, and employees damaged during Tavares’ tenure.
“We need to manage the transition, right? It’s not a secret that electric vehicles will be a strong part of the future,” Filosa remarked in January.
Industry Response
Filosa, at 51, has been described by colleagues as a “people person” and a “visionary.” His appointment is seen as a logical choice for addressing Stellantis’ challenges, including regulatory uncertainties and global economic concerns.
By the Numbers
- Stellantis’ global sales fell 12.3% from 6.5 million in 2021 to 5.7 million in 2024.
- U.S. sales collapsed by 27% to 1.3 million vehicles sold.
- Revenue plummeted 17.2% year-over-year in 2024 to 156.9 billion euros.
What Comes Next
Filosa’s top priority is to grow U.S. retail market share, aiming to boost sales with new products like the redesigned Jeep Cherokee and additional Ram 1500 models. However, he faces the challenge of restoring investor confidence, a task both Marchionne and Tavares handled with ease.
Background Context
Filosa’s journey within Stellantis has been marked by significant achievements in Latin America, a region known for its high profitability. His appointment followed a six-month search that considered both internal and external candidates.
Expert Analysis
RBC Capital Markets analyst Tom Narayan noted Filosa’s immediate priorities include revitalizing Stellantis’ U.S. performance and streamlining its 14-brand portfolio. Meanwhile, Bernstein analysts described him as a “safe pair of hands” but a relatively uninspiring choice compared to potential external hires.
Regional Implications
Filosa’s limited experience in North America and Europe, Stellantis’ most crucial markets, raises questions about his ability to navigate these regions effectively. However, insiders remain optimistic about his potential to grow into the role with time and experience.
Timeline of Events
- 2018: Sergio Marchionne passes away unexpectedly.
- 2021: Stellantis is formed through a merger.
- December 2024: Carlos Tavares resigns as CEO.
- May 28, 2025: Antonio Filosa is announced as the new CEO.
The move represents a significant shift from previous leadership styles, and Filosa’s success will largely depend on his ability to adapt and lead Stellantis through its current challenges.