stellantis ceo net worth
At the beginning of 2010, Jean-Philippe was named Director of Peugeot International Operations, then Director of European Sales and Marketing activities in 2012, before becoming Director of the PSA Retail Owned Network business in September 2013. Detailed statistics for Stellantis N.V. (STLA) stock, including valuation metrics, financial numbers, share information and more. MILAN Stellantis is retaining strong pricing power in its North American profit powerhouse, chief executive Carlos Tavares said on Thursday, as investors in the Franco-Italian automaker approved his salary for last year. He has an extensive background and deep experience as General Counsel and Secretary of the Board of Directors. Brand Chief Executive Officer, Opel & Vauxhall. . Stellantis CEO Carlos Tavares had total compensation of $24.8 million (23.5 million euros) in 2022, which is 365 times that of the average employee, according to a U.S. Securities and Exchange Commission filing Friday evening. Tavares became the first CEO. 2023 Forbes Media LLC. $1.7B Real Time Net Worth as of 5/25/23 #1730 in the world today Photo by Stefano Guidi/Getty Images About John Elkann John Elkann is the CEO of Exor, the holding company of Italy's. You can forgive Tavares if he appeared defensive on those points. The tweet comes from CNBC automotive reporter Michael Wayland. Grasso has held a series of positions with increasing responsibility within Nike including Chief Marketing Officer. Former FCA CEO Mike Manley in 2020 received $10.4 million (8.61 million euro) in direct compensation. The company explained that the post-retirement benefits expense reflects pension contributions for deferred retirement income, and the fringe benefits show the value of company payments for services or benefits provided under the terms of the CEO agreement and are considered competitive in the market. In addition, it said that (the long-term incentive) reflects the accounting expense recognized during each period not the actual (long-term incentive) awards received upon vesting., More:Stellantis workers to get profit-sharing of $14,760. In 2012, she became VP of the Program of Electric Vehicles, piloting 4 products development, making technology choices, and leading planning and profitability. Both went on to graduate from French Grandes Ecoles and - perhaps less surprisingly - both like fast cars." He joined Nike in 2001. FORTUNE may receive compensation for some links to products and services on this website. When the Company does well, all employees do well thats what our pay-for-performance culture is all about.. It was said that Tavares was ambitious and sought more responsibilities at Renault, however Ghosn was only four years older and had no plans to step aside soon. He served as Chief Operating Officer of Maserati after he was appointed to the position in 2018. Terms & Conditions. The Components segments includes production and sale of lighting components, body control units, suspensions, shock absorbers, electronic systems, and exhaust systems, and others. In 2006, he was appointed as VP, Sales and Marketing for Asia & Africa Region. She first joined the Renault Group in 1990 as Audit Quality Manager doing audits in plants before turning to the Client Surveys department. Executive Management Change. Davide Grasso is Brand Chief Executive Officer (CEO) of Maserati and was appointed to the Top Executive Team of Stellantis in January 2021. . From June 2017, Ned Curic was Vice President, Alexa Automotive at Amazon spearheading Amazons efforts in the Automotive industry. He was also responsible within the Global Executive Committee for the sales finance activities. She has experience in strategic planning, business development as well as financial business management. Stellantis owns the Jeep, Ram, Chrysler, Dodge and Fiat brands among others. After various jobs in manufacturing in Mulhouse, he became manufacturing manager at the Groups Sochaux plant before being appointed as managing Director for the manufacturing facility of Wuhan, China, in 2007. Top Executive Team Led by CEO, Carlos Tavares, the Top Executive Team is a highly competitive, committed and well-balanced team guiding Stellantis in its ambition as a leading sustainable mobility provider. He previously served as managing director of the North American operations of Stellantis. Jean-Philippe Imparato was appointed Brand Chief Executive Officer of Alfa Romeo and a member of Stellantis Top Executive Team in January 2021. The EMEA segment designs, develops and sells passenger cars and light commercial vehicles under the Fiat, Alfa Romeo, Lancia, Chrysler, Abarth and Fiat Professional and the sale of the related spare parts in Europe, Middle East and Africa. Prior to joining PSA, he held several positions in Renault, mainly as Investor Relations Officer or Vehicles Program Controller and later on as Corporate Controller, and in Nissan, responsible for Corporate Planning and Vehicle Program Management in North America. Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. He started his career at the French Treasury where he held several positions in the banking supervisory activities and in the state-owned companies supervisory activities. He has served for 12 years in the Jeep design studio. In 2012, he joined Nissan Group in the Middle East, as Sales and Marketing Director before being appointed Managing Director one year later. More:Stellantis CEO says electric vehicle tech costs could mean smaller market for new cars. He joined the Fiat Group in 1999 where he was responsible for all Purchasing activities in the Latin America region. He started as a civil servant in the French Ministry of Industry in 1984, and was appointed advisor to the Prime Minister for Industry and Environment in 1990. In 2020, he was appointed Executive Vice President of Manufacturing and Supply Chain for Groupe PSA. From 2018, he was also in charge of the Used Cars Business Unit. The Maserati segment manufactures, designs, engineers distribution and sale of luxury vehicles under the Maserati brand. Fiat Chrysler Automobiles NV engages in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, automotive-related components, metallurgical products and production systems. Chief Operating Officer, China (Interim, in charge of DPCA). Benoit Van Overstraeten and Leigh Thomas (15 April 2022), Anne-Sophie Lechevallier, 'Carlos Tavares - L'homme providentiel de PSA', in, "Stellantis' global ranking hit by Europe, China weakness", Classic rally car driving with the FT: Carlos Tavares, "Les petits secrets de Carlos Tavares, nouveau patron de Renault", Renault's Carlos Tavares: Meet the Next Auto Boss, "Big Three Auto Executives 2022: Stellantis", "Carlos Tavares, a Top Executive at Renault, Resigns", "Renault names Nissan U.S. boss Carlos Tavares as new COO", "Renault boss Carlos Tavares leaves (30 August 2013)", Peugeot taps former Renault executive Carlos Tavares as chief, "Carlos vs. Carlos: Peugeot move turns double-act to rivalry", "PSA boss Tavares wants DS to become stand-alone brand", "Tavares has car manual for fixing Fiat Chrysler", "Stellantis: les premires annonces de Carlos Tavares aprs la fusion PSA-Fiat", "Stellantis ne laissera aucune marque au garage, promet Tavares", France's Macron, Le Pen call Stellantis CEO's pay package "shocking", "Faurecia: Tavares au conseil d'administration", "Nomination de Grgoire Olivier au Conseil d'Administration", Airbus Group Proposes New Board Members For Approval At AGM, "Carlos Tavares quittera le conseil d'administration d'Airbus en 2022", "Total: Carlos Tavares va quitter le conseil d'administration", "Carlos Tavares ou l'homme qui mne PSA la baguette", "Portrait - Carlos Tavares, directeur gnral dlgu de Renault: Autophile", "Jean-Louis Dauger et Vaillante-Mirage au Mans: "Raconter de belles histoires" | Endurance info", "Chantilly Arts & Elegance Richard Mille, un must de l'lgance et de l'art de vivre!! [27] He has been an amateur racing driver since the age of twenty-two. He currently also serves on the Boards of Directors of FCA Partecipazioni S.p.A., Fiat Chrysler Risk Management S.p.A., FCA Poland S.A. and FCA Group Marketing S.p.A. Fossati holds a masters degree from the University of Turin School of Law (Italy). Before joining Fiat in 2005, Franois worked in positions of increasing responsibility at Citron. Picat joined Groupe PSA in 1998 and has a broad industrial experience. Wester was then named Group President Engineering and Chief Technical Officer (CTO) (Research, Development and Technologies) at Magna Steyr AG, Magna AG (Graz, Vienna). Carlos currently serves as co-chair of the Freedom of Mobility Forums Advisory Board to foster a 360-degree and fact-based approach to preserving freedom of mobility in the context of climate change. For 2021, GM reported that Barra had total compensation of $29.1 million and Ford reported that Farley had total compensation of $22.8 million. Kuniskis joined the former Chrysler Corporation in 1992 and held a series of positions of increasing responsibility in the Companys business center operations and marketing organization. Palmer is a Chartered Accountant and member of ICAEW (England). He was also the lead marketing executive at Chrysler Group with responsibility for marketing strategies, brand development and advertising for the Chrysler Group and Fiat Group Automobiles brands. Three years later, he moved to Renault, where he worked in sales, marketing and product planning before being appointed CEO of Renault Germany, Austria and Switzerland in June 2016. Tavares' 2021 compensation breaks down to a base salary of $2.23 million (1.99 million euro . During this period, she also led the Fiat Group Auto Alliances Management & Strategic Planning function where she managed alliances with key industrial partners. He started his career at Renault. Christian Meunier is Brand Chief Executive Officer of Jeep and was appointed to the Top Executive Team of Stellantis in January 2021. In this position, he leads the commercial development of the only German brand and the only British brand in Stellantis portfolio and their transition into the electric era. At the beginning of 2020, her scope of responsibility was enlarged with the Business Lab (Groupe PSAs new business incubator). [2], Carlos Tavares was born in 1958 in Lisbon, his father was an accountant working for a French insurer and his mother was a French teacher. In that role, he was responsible for all financial activities of the Group including control, treasury and tax. See Mark Stewart's compensation, career history, education, & memberships. Richard Palmer was appointed Chief Financial Officer (CFO) and a member of Stellantis Top Executive Team in January 2021. Prior to joining Stellantis, she was Chief Commercial Officer at Honeywell Safety and Productivity Solutions. He was named Vice President - Design in September 2008. Officials said several new electric car models are expected to hit showroom floors in 2022 and 2023, adding that the merger would allow for the use of common frames and technologies to be used in most of Stellantiss 14 brands, driving down costs and speeding up development. More:Stellantis said it made $18B in net profit in 2022, Under FCA's equity incentive plan, the consummation of the merger along with the change in Manley's role where he would no longer be CEO entitled him to accelerated vesting of his awards and payment of severance contemplated in his employment agreement, the filing said. Giorgio Fossati was appointed General Counsel and a member of Stellantis Top Executive Team in January 2021. Brand Chief Executive Officer, DS Automobiles. In 2013, he was appointed Senior Vice President and took responsibility for various functions of PSA Sales division, including B2B & Used Cars sales, Network Development & Quality of Service, CRM & Digital, Outbound Logistics and the management of car flow (Sales & Operations Planning). She joined Groupe PSA in 1998 and held Planning and Quality Manager positions in various car projects. More than 52% of shareholders voted against the compensation offered to . Grgoire Olivier, a graduate of Ecole Polytechnique (France), holds an engineering degree from Ecole des Mines de Paris and an MBA from the University of Chicago. Stellantis Announces Strategic Copper Investment in Argentina, Reinforcing Commitment to Reaching Carbon Net Zero by 2038; February 24, 2023; Stellantis Publishes 2022 Annual Report and Files Form 20-F; February 23, 2023; Thierry Koskas Is Appointed Citron Brand CEO and Stellantis Chief Sales & Marketing Officer; February 22, 2023 Eight other members of the board had total compensation ranging from $213,022 (201,853 euros) to $306,057 (290,010 euros). Carl Smiley was appointed Chief Operating Officer for India & Asia Pacific and a member of Stellantis Top Executive Team in January 2021. He was appointed Senior Vice President in 2007, in charge of the Citron Italy National Sales Company. Market Cap: 48.38B: Enterprise Value 23.29B: Despite the decrease, all regions as well as the Maserati brand . According to the annual SEC filing, Manley, who retired as Stellantis' head of Americas in November 2021 to become CEO of AutoNation, was paid $54.1 million (51.2 million euros). He joined the PSA Executive Committee as SVP Programs and Strategy in 2007 and moved to China in 2010 as SVP China and South East Asia. Offers may be subject to change without notice. In that position, he was responsible for the manufacturing quality of six plants in Brazil and Argentina, in addition he oversaw quality strategy and certification, supplier quality engineering and product reliability. She has built a strong and extensive expertise in the automotive industry with 30 years of experience in two major groups, within the departments of Quality, Product Planning, Program, HR Talent Development and General Brand Development. He has extensive work experience in business operations, sales and marketing including brand development and strategy. ", "Les plus belles voitures du Monde & Ferrari l'honneur @ Chantilly Arts & Elegance Richard Mille by Peter Auto!! But the estate of. He serves on the board of McLaren Oakland in Pontiac, Michigan. Schwarzwald joined Fiat Automobiles in 2004 as the Senior Vice President for Quality and Supplier Quality Director for the Fiat, Alfa Romeo, Lancia and Maserati brands. Having pursued a literary education followed by a business school training (GEM 1988), he spent a first decade working, alternately for Peugeot and Citron, in Field Sales Management activities on French battlegrounds. ", "Carlos Tavares, lu manager de l'anne aux BFM Awards 2019", "Finalists For 2020 World Car Awards Dominated By Mazda, Porsche And Kia", "2022 Eurostar winner Carlos Tavares of Stellantis", https://en.wikipedia.org/w/index.php?title=Carlos_Tavares&oldid=1157885788, This page was last edited on 31 May 2023, at 16:02. In 2018, she became Executive Vice President and a member of Groupe PSAs Global Executive Committee. Grgoire Olivier entered PSA in 2006, as CEO of Faurecia. He has built his entire career path within the field of HR and has alternated between the Head office and operations activities within different sites and divisions. In 2008, Mr. Manley became Executive Vice-President of planning and sales for Chrysler followed by COO for the Asia region and then in 2009, he became the CEO of the Jeep division, a position which he held with FCA since the merger with Fiat, with the addition of becoming responsible for RAM. Schwarzwald is a graduate from the University of So Paulo (Brazil) where he studied mechanical engineering. [16], In January 2021, Groupe PSA merged with Fiat Chrysler Automobiles to form Stellantis. In this role, he became the guardian of differentiation in brand styling and guaranteed coherence between the various brand design identities and strategies. [29][30], Carlos Tavares at the Spa Classic in 2019, Carlos Tavares at the Chantilly Arts & Elegance in 2017, In 2019, Carlos Tavares won the 'Manager of the Year' award at the 15th edition of BFM Awards. Led by CEO, Carlos Tavares, the Top Executive Team is a highly competitive, committed and well-balanced team guiding Stellantis in its ambition as a leading sustainable mobility provider. It operates through the following geographical segments: North American Free Trade Agreement, Latin America, Asia-Pacific, Europe, the Middle East & Africa, Maserati, and Components. Free Press staff writers Jamie L. LaReau and Phoebe Wall Howard contributed to this report. Double net revenue to $335 billion by 2030 while sustaining double-digit . He has a background in upstream development activities: Process Engineering, Manufacturing, Program development and Purchasing, built in France and in South Korea. He became a member of FCAs Group Executive Council (GEC) in October 2015. 1. Florian Huettl was appointed Brand Chief Executive Officer (CEO) of Opel and Vauxhall and a member of the Stellantis Top Executive Team in June 2022. Instead he resigned from Renault on August 29, 2013. All this adds up to an unsubtle trend. During the first 11 years, he held various management positions in research, engineering and modules development and production. Samir Cherfan was appointed Chief Operating Officer for Middle East & Africa and a member of Stellantis Top Executive Team in January 2021. From 2014 to 2015, he held the position of Director of Human Resources Development, Talents and Top Management. He also has led teams in Europe, the Americas and Asia. The return-to-office wars could end in a stalemate as we all reach the same conclusion about what the flexible future Getting rich is surprisingly simple if you follow a 3-step strategy, says an expert on self-made wealth, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Language links are at the top of the page across from the title. In 2008 and 2009, she was Vice President Head of worldwide Quality Control Tower. [12], Tavares became chief executive officer and Chairman of the Managing Board of Groupe PSA in 2014, replacing Philippe Varin[fr]. [4], After studying at the Lyce franais Charles-Lepierre in Lisbon, he left his native country for France at the age of 17 to follow a preparatory course in maths at the Lyce Pierre-de-Fermat in Toulouse. Filosa holds a masters degree in engineering from Politecnico di Milano (Italy). Chief Design Officer (Chrysler / Dodge / Jeep / Ram / Maserati / Fiat Latin America). Huettl is an International Business Management graduate from the University of Applied Sciences in Bergisch-Gladbach, Germany. He was previously appointed head of passenger cars, FCA - North America in June 2019 and global head of Alfa Romeo in February 2018. All Rights Reserved. Silvia Vernetti was appointed head of the Global Corporate Office and a member of Stellantis Top Executive Team in January 2021. It had proposed to pay out over 3 billion euros in dividends. He began his career at Ford Motor Co. in France where he held key sales and marketing positions at Ford, Land Rover and later Mercedes-Benz in Europe and in the U.S. Meunier worked at Nissan since 2002 where he held a series of positions with increasing responsibility including Division Vice President of Infiniti Global Sales, Marketing and Operations; Senior Vice President of Sales, Marketing and Operations for Nissan North America; Chairman Nissan Canada and President of Canada and Brazil. The company reported a 7.1% adjusted operating margin worth 3.4 billion for Peugeot and a 4.3% margin and an adjusted net profit of 1.9 billion for Fiat Chrysler. Smiley began his career at General Motors and spent time in quality, purchasing, production management and supplier quality within the U.S., China and Mexico. Stellantis CEO Carlos Tavares had total compensation of $21 million (19.2 million euros) in 2021, an amount that's more than 300 times the compensation of an average employee. For example, he was Sales Director for Ford Switzerland and Product Manager and Head of LCV Marketing in Germany. The French government, a former investor in Peugeot maker PSA which in 2021 merged with Fiat Chrysler to form Stellantis, is now a "relevant" shareholder in the Franco-Italian carmaker with around . She was managing the 5 brands development. He also held the title of General Counsel for FCAs Europe, Middle East and Africa region. In 2011, he was appointed Managing Director of DongFeng Peugeot Citron Automobiles (DPCA) in China, having previously held the role of Deputy Managing Director between 2008 and January 2011. Richard Schwarzwald was appointed Chief Customer Experience Officer and a member of Stellantis Top Executive Team in January 2021. In 2002, he joined Purchasing to take responsibility at Renault Samsung Motors (South Korea). In 2009, he became the Chief Financial Officer for Latin America and in 2012 Controller of the PSA Sales Division. To enjoy unlimited access to our journalism, subscribe today. [25] He is also known to be close to the former Prime Minister of Portugal Jos Scrates. Schwarzwald rejoined FCA Group in 2016 and served as Head of Quality for the Groups Latin America region. Manley was educated as an engineer and started his career as a trainee at car financing company Swan National. [15] Furthermore, he instigated the merger of PSA with Fiat Chrysler Automobiles. Michael Manley, often known as Mike Manley (born 6 March 1964)[1] is a British businessman and CEO of AutoNation. As for Tavares, his compensation included a $2.1 million (2 million euros) base salary, incentives worth $20.2 million (19.1 million euros), $2.5 million (2.4 million euros) in pension contributions and more than $15,000 (14,000 euros) in fringe benefits, which include transport, tax services and insurance premiums. He has significant experience in commercial and operations management as well as global brand management. Samir Cherfan was also head of the industrial and commercial diversity reduction cross functional team. Afterward, Stellantis and LG Energy returned to the negotiating table with Canada seeking IRA-level subsidies. Negotiations continue between the federal government, Ontario, Stellantis and LG Energy Solution after the companies paused construction on their planned factory in a dispute over federal subsidies. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300. After a Bachelors degree in Economic Management, Xavier Chreau completed his Masters degree in Human Resources (Employment Management & Corporate Social Development) at the Institut Sciences Politiques de Paris, France. He has built a 30-year career path at Groupe PSA, mainly focused on sales, quality and retail activities. He was the initiator of the DS product line in 2006, paving the way for the introduction of the new premium brand at Groupe PSA in 2014: DS Automobiles. About Stellantis Fiat Chrysler Automobiles NV engages in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems,. In 2018, he was appointed to the position of Group Chief Financial Officer as an Executive Vice President within the Group and a member of the Global Executive Committee. He was the lead executive for the Lancia brand, a position he was named to in September 2005. The company said its personnel costs in 2022, excluding executive directors, was $19.2 billion (18.2 billion euros), and the average number of employees was 282,926. In 2015, he was appointed Executive Vice President of Human Resources of the Group and member of the Global Executive Committee. Previously, he was Head of Sales and Marketing for Opel and Vauxhall, as well as holding this responsibility for Enlarged Europe. [17] He also announced that he wanted to relaunch the most fragile brands, which could benefit from new investments. She has built her career, first during 3 years at Electricit de France, and then in the automotive industry at Groupe PSA, on operations, projects, quality and business fields. We need to avoid commoditization of our brands in China he said. Xavier Chreau was appointed Chief Human Resources & Transformation Officer and a member of Stellantis Top Executive Team in January 2021. Wester also served as Head of Alfa Romeo and Maserati (until 2016) and Abarth (until 2013). Now that Stellantis is less overwhelmed firefighting its way through supply chain crises, chief executive officer Carlos Tavares is returning to his modus operandi of relentlessly cutting costs and hunting for savings. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He wouldnt elaborate on the companys plans in the worlds second-largest economy except to say that brands there needed to carve out a niche in the Chinese psyche. These have included R&D, manufacturing and support functions. Stellantis CEO Carlos Tavares . He started his career in 1990 as a Civil Servant, in the North Region Government office in charge of Nuclear safety, then inthe Ministry of Industry, as Industry General Director Chief of Staff. He says all 14 brands (Abarth, Alfa Romeo, Chrysler, Citron, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall) are being "given a chance." [14], As CEO, he gathered praise for the PSA take over of Opel and return to profitability of Opel, and for PSA's record sales and profits. In addition, he held global responsibility for the LCV business unit. Samir Cherfan graduated in engineering from Polytech Sorbonne, Paris, France. He served as COO for FCAs Latin America region and was a member of the FCA Group Executive Council from March 2018. A gradual resolution in supply chain disruptions could affect automakers' pricing power this year, according to some . In 2002, he returned to Renault Group HQ as VP, Sales Forecasting and Programming. Ralph Gilles was appointed Chief Design Officer for the Chrysler, Dodge, Jeep, Ram, Maserati and Fiat Latin America brands and a member of Stellantis Top Executive Team in January 2021. He has a host of experience in sales, marketing and brand operations. John Elkann Chairman Executive Director Carlos Tavares Chief Executive Officer Executive Director Robert Peugeot Vice Chairman Non-executive Director Become a subscriber. . Bertrand Blaise was appointed Chief Communication & CSR Officer and a member of Stellantis Top Executive Team in January 2021. He has an extensive background in automotive sales, marketing and business operations. Both companies had been second-tier players when it came to electric vehicle technologies and self-driving cars, and combined they were barely a blip in China, the worlds largest and fastest-growing car market. Stewart was named Vice President of Operations for Amazon in 2017 where he was the lead executive for customer fulfillment across 200 operations facilities in North America. 6 hours ago. Uwe Hochgeschurtz was appointed Chief Operating Officer for Enlarged Europe in June 2022 and has served as a member of Stellantis Top Executive Team since September 2021. Between 2010 and 2013, as Global Project Director, she successfully managed and launched the Peugeot Crossover 2008 in the European, Latin American and Chinese markets. He was CFO of FCA US LLC from 2009 to 2017. He has built his entire career path within the field of product and corporate communication in the automotive, railway and energy sectors, working in Europe and Asia Pacific. Development, Talents and Top management of Alfa Romeo and a member of Stellantis Top Executive Team January! For Opel and Vauxhall, as CEO of Faurecia Lancia brand, a position he was Sales Director for Switzerland. Director for Ford Switzerland and Product Manager and Head of Quality for the LCV Unit... For Stellantis N.V. ( STLA ) stock, including valuation metrics, financial numbers, share information and more of! 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