Stellantis Hires New CFO, Replacing Merger Architect Richard Palmer

Stellantis announced yesterday the hiring of Natalie Knight as new CFO, replacing merger architect Richard Palmer effective July 10, 2023.

Natalie Knight will be based in the Auburn Hills, Michigan office with extensive travel to Europe and the other regions.

Natalie Knight

She currently serves as Chief Financial Offer at Ahold Delhaize, a leading global food retailer headquartered in the Netherlands. Prior to joining Ahold Delhaize in early 2020, Natalie Knight was the CFO at Arla Foods in Denmark, and held several senior finance positions during her 17 years at adidas AG in Germany and the U.S., after Investor Relations roles at BASF and Bankgesellschaft Berlin.

Natalie Knight graduated from the University of Arizona in the U.S. and Freie Universität in Berlin, Germany, followed by executive leadership programs at INSEAD in France and St. Gallen University in Switzerland.

“I’m delighted to have Natalie join Stellantis. She has worked across several industries in both the U.S. and Europe,” said Carlos Tavares, Stellantis CEO. “With her experience and demonstrated business transformation leadership, including a clear ESG focus, she is exactly the right leader to continue accelerating Stellantis’ Dare Forward 2030 strategy. I’m convinced that she will play a strategic role in setting the new impetus and unleashing the great potential of Stellantis’ value.”

Richard Palmer, Executive Vice President and Chief Financial Officer, plans to leave Stellantis on June 30, 2023, to ensure a smooth handover, after a distinguished 20-year career with the Company.

Richard Knight

“On behalf of all Stellantis employees and our Board of Directors, I want to extend our gratitude to Richard,” said Carlos Tavares. “Carrying over from Richard’s successful history with FCA, he has significantly contributed to the success of the merger to form Stellantis and to its integration over the past two years. We wish Richard the very best for the future and in any new challenges that await him.”

Perhaps after Natalie Knight crunches the numbers at Stellantis, we will get a clearer indication of what the future holds for the Citroën brand.

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