1248 GMT - There will likely be some disappointment that Stellantis didn't choose an outsider to succeed Tavares as CEO, Bernstein analysts say in a research note. Although Stellantis had initially favored an external candidate, the tariff plight and geopolitical tensions subsequently changed the focus to choosing a CEO who knew Stellantis intimately, the analysts say. At the end of 2024, the Stellantis board was considering former Apple CFO Luca Maestri as the successor, who seemed to fit the bill very well, the analysts say. Nevertheless, the Jeep maker picked Antonio Filosa as a safe pair of hands and young enough at 51 to have sufficient runway to make a long-term impact on the group's development, they say. Shares trade 0.6% lower at 9.17 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 08:49 ET (12:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.