Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (Groupe PSA) have completed their merger and have named the combined company Stellantis.
A top executive team to steer the company has also been established to help steer the company, along with nine dedicated committees covering company-wide performance and strategy, according to a news release.
“This highly competitive, committed and well-balanced team will leverage its combined skills and diverse backgrounds to guide Stellantis to become a great company,” said CEO Carlos Tavares.
The nine committees are the Strategy Council, Business Review, Global Program Committee, Industrial Committee, Allocations Committee, Region Committee, Brand Committee, Styling Review, and Brand Review.
Stellantis was officially launched on Jan. 19, 2021, and includes 400,000 employees who will design, develop, manufacture, distribute and sell vehicles and mobility solutions around the world.
“It is no coincidence that Stellantis is born precisely when our world requires a new kind of automotive company that will champion clean and intelligent solutions to provide freedom of movement for all,” said company Chairman John Elkann, who leads the 11-member Board of Directors.
The company’s global scale and reach should provide them with the resources to invest in state-of-the-art technologies and broaden their customer appeal. Elkann said their greatest competitive advantage is the geographic and cultural diversity of the people working at Stellantis.
“It is they, with their energy, their knowhow and their constant commitment who make Stellantis what it is today,” said Elkann. “And it is they who day-by-day will build an even greater company for this new era of mobility.”
