Groupe PSA and FCA announce board of administrators for Stellantis, Auto Information, Automobilnews
New Delhi: Fiat Chrysler Vehicles (FCA) and Peugeot S.A. (Groupe PSA) have introduced on Tuesday, the composition of the board of administrators for Stellantis, the brand new firm will outcome from the merger of the Italian-American carmaker FCA and France’s Peugeot proprietor PSA. In December final 12 months, Fiat Chrysler and PSA agreed to mix in a USD50 billion all-share deal to create the world’s fourth-biggest automobile firm and unite manufacturers resembling Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel and DS.
As per a joint firm launch, the board of administrators will comprise 11 members, nearly all of the non-executive administrators are unbiased.
FCA and its reference shareholder Exor have nominated 5 members (together with John Elkann as chairman) and Groupe PSA and two of its reference shareholders (EPF/FFP and BPIfrance) have nominated 5 members (together with the senior unbiased director and the vice-chairman). Carlos Tavares, Stellantis’ chief government officer, will even be a member of the board of administrators.The non-executive administrators on the board embody Andrea Agnelli, Fiona Clare Cicconi, Nicolas Dufourcq, Ann Frances Godbehere, Wan Ling Martello, Jacques de Saint-Exupéry and Kevin Scott.
As per the discharge, the unbiased board members are drawn from various skilled backgrounds and can deliver with them vital related views and expertise, consistent with the dynamic and progressive spirit that characterises the creation of this new enterprise. They are going to assist Stellantis capitalise totally on its distinctive strengths and capabilities, in a brand new period of mobility, to create superior worth for all of its stakeholders.