-Franco-Italian carmaker Stellantis ( STLA ) has appointed Joao Laranjo as chief financial officer, effective immediately, the company said on Monday.

Brazilian national Laranjo succeeds Doug Ostermann, who resigned for personal reasons, it said.

"Having worked closely with Joao for 15 years and witnessed his rise through the ranks, I have consistently been impressed by his excellent financial acumen, results-driven mindset, and deep understanding of our industry's complexities," said Stellantis ( STLA ) CEO Antonio Filosa.

Laranjo worked closely with Filosa, while in Brazil at the helm of the Latin American branch of the company.

Ostermann was in August appointed CEO of Stellantis Financial Services, but Laranjo "will assume all responsibilities previously held by Ostermann."

Stellantis ( STLA ) also confirmed its 2025 financial guidance, as communicated in July.