[ad_1]
LINES, Netherlands, January 17, 2021 / PRNewswire / – Stellantis NV (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) today announced that following the completion of the merger of Peugeot SA (“Groupe PSA”) and Fiat Chrysler Automobiles NV (“FCA”) on January 16, 2021, today the merged company has been renamed Stellantis, the Stellantis Board of Directors was appointed and the articles of association of Stellantis came into force.
As previously announced, the board of directors of Stellantis consists of two executive directors, John Elkann (chairman) and Carlos Tavares (Chief Executive Officer), and the following nine non-executive directors, Robert Peugeot (Vice Chairman), Henri de Castries (Senior Independent Director, acting as a voorzitter under Dutch law), Andrea Agnelli, Fiona Clare Cicconi, Nicolas Dufourcq, Ann frances godbehere, Wan Ling Hammer, Jacques de Saint-Exupéry, and Kevin scott.
In addition, the board of directors of Stellantis today appointed an audit committee, a remuneration committee and a governance and sustainability committee with the following compositions. Audit committee: Ann godbehere (President), Wan Ling Hammer and Henri De Castries. Compensation Committee: Wan Ling Hammer (President), Andrea Agnelli, Henri De Castries, Fiona Cicconi and Robert Peugeot. Governance and Sustainable Development Committee: Henri De Castries (Chairman), Andrea Agnelli, Fiona Cicconi, Nicolas Dufourcq and Kevin scott.
About Stellantis
Stellantis East one of the world’s leading automakers and mobility provider, guided by a clear vision: to deliver freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and its broad geographical presence, its greatest strengths lie in its sustainable performance, the depth of its experience and the diversity of talents of employees working around the world. Stellantis will leverage its broad portfolio of iconic brands, founded by visionaries who have imbued brands with passion and a competitive spirit that speaks to employees and customers. Stellantis aspires to be the biggest, not the biggest, while creating added value for all stakeholders as well as for the communities in which it operates.
Twitter
Linkedin
Facebook
Youtube
www.stellantis.com
FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements. In particular, these forward-looking statements include statements regarding the future financial performance and expectations of the combined group (the “Group”) resulting from the merger of FCA and Groupe PSA as to the achievement of certain targeted measures at any future date or for any future periods are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “might”, “should”, “intend”, “estimate”, “anticipate”, “believe”, ” stay “,” on track “,” design “,” target “,” objective “,” objective “,” forecast “,” projection “,” outlook “,” outlook “,” plan “or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group’s current state of knowledge, future expectations and projections of future events and are, by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances which may or may not occur or exist in the future and, as such, should not be unduly relied upon.
Actual results may differ materially from those expressed in forward-looking statements due to various factors, including: the impact of the COVID-19 pandemic, the Group’s ability to successfully launch new products and maintain shipment volumes vehicles; changes in global financial markets, the general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs targeted on the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations ; the Group’s ability to develop some of its brands internationally; its ability to offer innovative and attractive products; its ability to develop, manufacture and sell vehicles with advanced functionality, including electrification, connectivity and enhanced autonomous driving characteristics; various types of claims, lawsuits, government investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; significant operating expenses related to compliance with environmental, health and safety regulations; the level of intense competition in the automotive industry, which may increase as a result of consolidation; exposure to funding shortfalls in the Group’s defined benefit pension plans; the ability to provide or organize access to adequate financing for dealers and retail customers and the associated risks associated with the establishment and operations of financial services companies; the ability to access financing to execute the Group’s business plans and improve its activities, financial condition and results of operations; a significant malfunction, disruption or security breach compromising the IT systems or electronic control systems contained in the Group’s vehicles; the Group’s ability to realize the expected benefits of joint venture arrangements; disruptions resulting from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; cost increases, supply interruptions or shortages of raw materials; the evolution of labor and industrial relations and the evolution of applicable labor laws; fluctuations in exchange rates, changes in interest rates, credit risk and other market risks; political and civil unrest; earthquakes or other disasters; the risk that the operations of Groupe PSA and FCA will not be integrated successfully; and other risks and uncertainties.
The forward-looking statements contained in this communication speak only as of the date of this document and the Group disclaims any obligation to update or revise public forward-looking statements. Further information about the Group and its activities, including factors that could materially affect the Group’s financial results, is included in FCA’s reports and filings with the United States Securities and Exchange Commission, (including including the registration statement on Form F-4 which was declared effective by the SEC on November 20, 2020) the AFM and CONSOB and PSA filings with the AMF.
SOURCE Stellantis
Related links
http://www.stellantis.com
[ad_2]
Source link
