0831 GMT - Stellantis's new CEO, Antonio Filosa, was widely tipped for the job so his appointment should come as no surprise, Quilter Cheviot analyst Mamta Valechha writes. This is ultimately the reason for the neutral share reaction by the market this morning, Valechha says. Filosa has been North America chief operating officer and Valechha believes there is potentially a feeling from some investors that they would have preferred someone not associated with the challenges faced in the North American business over the past year. Nevertheless, clarity on leadership is important for Stellantis after significant U.S. market share loss and the ever-changing picture regarding tariffs, Valechha adds. "We await to see if there is any refresh of the strategy." Shares rise 0.4% to 9.26 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 04:33 ET (08:33 GMT)
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