Stellantis Hires New CFO, Replacing Merger Architect Richard Palmer
Knight will be based in the Auburn Hills, Michigan.
Stellantis CEO Tavares’ 2022 pay fell 14% to $15.7 million US.
That’s over $1.3 million US a month that Tavares receives for his role as Stellantis’ CEO.
Cobée out — Koskas in as Citroën CEO
Thierry Koskas will also continue in his role as Stellantis’ Chief Sales & Marketing Officer.
The Citroën Factor in Stellantis’ Future
A few factors that give some indication as to the future of Citroën within Stellantis.
Stellantis Bets on H2 for Commercial Vehicle Future
Investing in Symbio will aid in the company’s hydrogen roll-out plans in Europe and in the USA.
Carlos Tavares Calls for EU to Soften 2035 Fossil-fuel Car Ban
“The dogmatic decision that was taken to ban the sale of thermal vehicles in 2035 has social consequences that are not manageable.”
Carlos Tavares Mulls Stellantis Ending Production in China
Tavares stated; “The red carpet is rolled out for Chinese manufacturers in Europe, and that’s not how we’re welcomed in China.”
Three Things in Stellantis News Relating to Citroën
With Stellantis reporting revenues up 12% in Q1 2022, three other things the company announced this month may provide some insight into the future of the Citroën brand.:
Stellantis unveils strategic plan to 2030 with little mention of Citroën
Stellantis CEO Carlos Tavares presented his strategic plan for the company to 2030, but only once was there specific mention of Citroën.
Stellantis Profitability Beats First Year Target
“Record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments,” Chief Executive Carlos Tavares said in a statement today.