AMSTERDAM - Stellantis (LON:0QXR) N.V. (NYSE: NYSE:STLA), a leading global automaker, announced a reshuffling of its executive team, effective June 1, 2024. The move comes as the company continues to implement its Dare Forward 2030 strategic plan, aiming for a carbon net zero future and enhanced customer satisfaction.
Luca Napolitano, currently serving as the CEO of the Lancia brand, will expand his role to become the Chief Sales & Marketing Officer. Napolitano succeeds Thierry Koskas, who is set to focus on the expansion of the Citroën brand, capitalizing on his sales and marketing expertise. Napolitano brings a wealth of experience from various roles across Europe, the Middle East, and Africa, including fleet and retail sales, dealer management, and network development.
Olivier Bourges steps into the role of Chief Customer Experience Officer, replacing Richard Schwarzwald, who has departed from the company for personal reasons. Bourges's new position will be critical in achieving the company's commitment to being number one in customer satisfaction by 2030. His extensive knowledge of the industry and Stellantis operations is expected to be invaluable in this pursuit.
Clara Ingen-Housz is set to take Bourges's previous role as head of the Global Corporate Office and Public Affairs. Ingen-Housz joined Stellantis earlier in 2024 and will now be part of the Top Executive Team. Her prior experience as Group Legal Counsel and Chief Ethics and Compliance Officer at Saint-Gobain, coupled with her international legal career, is anticipated to enhance the diversity and global expertise of the executive team.
Carlos Tavares, CEO of Stellantis, expressed gratitude to Richard Schwarzwald for his contributions and welcomed the new appointees, expressing confidence in their abilities to drive brand growth, customer satisfaction, and the execution of the company's strategic goals.
Stellantis, known for its portfolio of iconic brands such as Jeep®, Peugeot (OTC:PUGOY), and Fiat, is focused on providing sustainable mobility solutions. The company's Dare Forward 2030 plan outlines its ambitions to become a carbon net zero mobility tech company by 2038.
The information for this article is based on a press release statement from Stellantis N.V.
InvestingPro Insights
In the midst of Stellantis N.V.'s (NYSE: STLA) executive team reshuffle and its ambitious Dare Forward 2030 strategic plan, the company's financial health and market performance provide a reassuring backdrop. Let's delve into some key metrics and insights from InvestingPro that reflect the company's current standing in the market.
Stellantis boasts a robust Market Cap of $86.67 billion, underscoring its significant presence in the global automotive market. The company's P/E Ratio stands at a competitive 3.47, suggesting that its shares might be undervalued given the company's earnings. This is further supported by an Adjusted P/E Ratio for the last twelve months as of Q4 2023 at 4.02, which aligns with the InvestingPro Tip that Stellantis is trading at a low P/E ratio relative to near-term earnings growth.
Another highlight is the company's Dividend Yield, which as of April 2024, is an attractive 5.58%. This not only exemplifies a substantial return to shareholders but also aligns with the InvestingPro Tip that Stellantis pays a significant dividend to shareholders. Lastly, the company's Price / Book ratio as of the last twelve months of Q4 2023 is just below 1 at 0.98, which might indicate that the stock is reasonably priced relative to its book value.
For readers who are keen to explore more about Stellantis's financial outlook, InvestingPro offers an array of additional tips that can guide investment decisions. For instance, there are 11 more InvestingPro Tips available that provide deeper insights into the company's valuation multiples, profitability, and industry standing. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, to gain access to these valuable tips and make more informed investment choices.
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