Fiat Chrysler, Peugeot Reveal Board of New Combined Entity
September 29 2020 - 3:32AM
Dow Jones News
By Joshua Kirby
Fiat Chrysler Automobiles NV and Peugeot SA on Tuesday announced
the composition of the board of directors of Stellantis, the new
company formed from a merger between the two auto makers.
Stellantis's board of directors will have 11 members, with a
majority of the non-executive directors being independent, the
companies said in a joint statement. Italian-American auto maker
Fiat Chrysler has nominated five members, including its Chairman
John Elkann, who will also be chairman of the new board.
French auto maker Peugeot has also nominated five members,
including its Chairman Robert Peugeot as vice chairman. Stellantis
Chief Executive Carlos Tavares will also sit as a member.
The planned merger is set to be completed by the end of the
first quarter of 2021, the companies said.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
September 29, 2020 03:17 ET (07:17 GMT)
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