Antonio Filosa formally assumed the role of chief executive officer at Stellantis on 23 June, ending a six-month search that began after the abrupt departure of Carlos Tavares in December. The 51-year-old Italian, who previously ran the carmaker’s Americas operations, is expected to steer the world’s fourth-largest automaker through a slide in U.S. sales, higher U.S. import tariffs and intensifying competition from Chinese electric-vehicle makers in Europe. Filosa’s first act was to slim the company’s top ranks to 16 direct reports, about half the number that answered to Tavares. Key internal promotions include Monica Genovese as head of purchasing, Davide Mele to lead product planning, Emanuele Cappellano to oversee South America and the commercial-vehicles unit, and Scott Thiele in the newly created post of head of supply chain. Filosa will continue to supervise the crucial North American market, signalling the region’s importance to the turnaround plan. Investors reacted coolly to the insider appointment and limited managerial changes. Stellantis shares fell as much as 5.7 percent in Milan before paring losses to about 1.8 percent by mid-morning; the stock is down roughly 10 percent since Filosa’s selection was announced on 28 May. Analysts at Jefferies and RBC said the reorganisation provides little immediate catalyst, underscoring the new CEO’s challenge to rebuild market share, restore profitability and regain investor confidence while reshaping a 14-brand portfolio.