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John Elkann and Carlos Tavares, leading the management of the new Stellantis

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EFE / EPA / ALESSANDRO DI MARCO

Paris, Jan 18 (EFE) .- Stellantis, the automotive group resulting from the merger of Fiat Chrysler with PSA, made its new management team official this Monday, headed by John Elkann as president and Carlos Tavares as executive officers. managing Director.
Those who until last week were chairmen of Fiat Chrysler and PSA, respectively, are the only executive directors on a board in which there are nine other members, the company explained in a statement.
The Board of Directors is completed by Robert Peugeot as Vice Chairman, Henri de Castries as Senior Independent Administrator, as well as Andrea Agnelli, Fiona Clare Cicconi, Nicolas Dufourcq, Ann Frances Godbehere, Wan Ling Martello, Jacques de Saint-Exupéry and Kevin Scott.
The merger of the company, which has decided to establish its headquarters in the Netherlands, although it will be listed on the Paris, Milan and New York Stock Exchanges, was formalized last Saturday.
In Paris, their titles started the session clearly on the rise. Stellantis rose in the first exchanges to 13 euros per share. At 9.15 am, it was trading at 12.90 euros, which meant a rise of 2.63% and a capitalization of more than 40.2 billion euros.
Stellantis is the fourth world car manufacturer by sales volume and the third by turnover with the 2019 figures (167,000 million euros).
Tavares, as CEO, will offer a virtual press conference this Tuesday to discuss the objectives and challenges of the company.
Together with the board of directors, the company has since Monday an audit committee, a remuneration committee and a governance and sustainability committee.

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