The present FCA Chairman John Elkann will chair Stellantis, whereas Robert Peugeot has been appointed because the Vice Chairman. Peugeot can also be the Chairman and CEO of FFP Holdings, a reference shareholder of PSA.
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Stellantis is anticipated to be the third largest auto producer by income
Stellantis – the brand new firm shaped out of the merger between Fiat Chrysler Vehicles (FCA) Group and Groupe PSA – has introduced its Board of Administrators. The board will probably be comprise of 11 members with nearly all of the non-executive administrators being impartial. The group has firm had already confirmed that the present FCA Chairman John Elkann will chair Stellantis, whereas Robert Peugeot has been appointed because the Vice Chairman. Peugeot can also be the Chairman and CEO of FFP Holdings, a reference shareholder of PSA.
Additionally Learn: FCA, Groupe PSA Merger Officially Named ‘Stellantis’
Moreover, CEO of Groupe PSA, Carlos Tavares has been appointed because the Chief Government Officer for Stellantis, whereas Henri de Castries, the previous CEO and Chairman of AXA, has been appointed as a Senior Unbiased Director. As well as, the board contains of quite a lot of non-executive administrators together with Andrea Agnelli, Fiona Clare Cicconi, Nicolas Dufourcq, Ann Frances Godbehere, Wan Ling Martello, Jacques de Saint-Exupery and Kevin Scott.
The merger makes Stellantis one of many largest automotive teams on the earth, behind VW, Toyota and the Renault-Nissan Alliance
Stellantis’ impartial board members are drawn from varied backgrounds to usher in a brand new perspective and expertise, according to the brand new enterprise, the corporate mentioned in an announcement. They’ll assist the corporate to capitalise on its strengths and capabilities within the new period of mobility,
Additionally Learn: Fiat Chrysler Automobiles And Groupe PSA Amend Merger Terms To Conserve Cash
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PSA Group and FCA agreed to a 50:50 merger in December final yr, which can create one of many largest auto teams. The whole merger course of is aimed to be accomplished by the primary quarter of 2021. Stellantis may have an annual manufacturing quantity of eight.7 million models, which locations the corporate fourth behind the Volkswagen Group, Toyota and the Renault-Nissan Alliance. The newly shaped firm will even turn into the world’s third largest producer by income, with an annual turnover 170 billion Euros.
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