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Sept - Oct 2020
Why the new FCA-PSA board merits a closer look
Three women highlight a new board with global execuƟve talent The first thing no ceable about the new board that will preside over the combina on of Italy’s Fiat Chrysler Automobiles and France’s PSA Group is the dis nctly global, non-automo ve profile of the new independent directors. Which makes sense because the nonsensical name of this combined company — Stellan s — offers zero identy with anything automo ve. But there’s reason to believe this could be a good thing as the auto industry desperately tries to reinvent itself amid the existen al threats emerging from massive changes in autonomous technology, electrifica on and global poli cal upheavals. The key FCA and PSA insiders and family leaders, of course, remain on the board: Chairman John Elkann, Vice Chairman Robert Peugeot, non-execu ve director Andrea Agnelli and CEO Carlos Tavares. As expected, current FCA CEO Michael Manley will not join the new board, and there’s been no announcement about his future role with Spaceship Stellan s. Otherwise, it’s abundantly clear that the new directors reflect a company that no longer wants to be linked by name to its automo ve legacy underscored by iconic brands such as Peugeot, Fiat, Chrysler, Jeep, Ram, etc. Continued on Page 5
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