Fiat Chrysler Automobiles and Peugeot SA have announced the composition of the board of directors of Stellantis, the new company that will result from the combination of their respective businesses.
The board will have 11 members, the majority of the non-executive appointees being independent.
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"The independent board members are drawn from diverse professional backgrounds and will bring with them significant relevant perspectives and experience, in line with the dynamic and innovative spirit that characterises the creation of this new enterprise," the automakers said in a statement.
FCA and its reference shareholder Exor have nominated five members (including John Elkann as chairman) and Groupe PSA and two of its reference shareholders (EPF/FFP and BPIfrance) have nominated five (including the senior independant director and vice chairman).
Carlos Tavares, Stellantis' CEO, will also be a board member.
The full membership , subject to shareholder vote:
- John Elkann (chairman)
- Robert Peugeot (vice chairman)
- Henri de Castries (senior independent director)
- Andrea Agnelli (non-executive director)
- Fiona Clare Cicconi (non-executive director)
- Nicolas Dufourcq, (non-executive director)
- Ann Frances Godbehere, (non-executive director)
- Wan Ling Martello (non-executive director)
- Jacques de Saint-Exupéry, (non-executive director)
- Kevin Scott (non-executive director),
- Carlos Tavares (CEO)
Completion of the proposed merger is expected to take place by the end of the first quarter of 2021, subject to the previously agreed conditions in the combination agreement.
