(Alliance News) - After closing 2025 with a record loss of EUR22.3 billion, largely due to write-downs linked to the "reset" of its electric vehicle strategy, Stellantis is approaching its shareholders' meeting on April 14 in Amsterdam. This event comes ahead of the Capital Markets Day on May 21 in Auburn Hills, a pivotal moment for the unveiling of the new industrial plan.
The mandate of John Elkann is expiring, and he has been nominated for reappointment on the recommendation of Exor, alongside Robert Peugeot and Henri de Castries. The board is also proposing the addition of Juergen Esser; if confirmed, the number of board members will rise to 12.
Elkann is nominated for reappointment in his role based on Exor's binding nomination, while Robert Peugeot is proposed for reappointment in his role on the binding nomination of Établissements Peugeot Frères/Peugeot Invest.
Additionally, the Stellantis board of directors, following the recommendation of the ESG Committee, has decided to propose the reappointment of Henri de Castries as a non-executive director and the appointment of Juergen Esser, currently deputy CEO and chief financial, technology & data officer at Danone, as an additional non-executive director.
The 2025 financials show negative cash flow of EUR4.5 billion and extraordinary charges of EUR25.4 billion on revenues of EUR153.5 billion. Projects for gigafactories have been halted and EV plans revised, but the joint venture with Leapmotor remains central. The new plan will focus on multi-energy engines, cutting unprofitable projects, and reviving North America, with a return to positive margins expected in 2026.
By Michele Cirulli, Alliance News reporter
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