(Reuters) -Stellantis Chief Financial Officer Doug Ostermann will take an additional role in the group as head of Stellantis Financial Services, the executive said in a LinkedIn post on Friday.

"Not only is it a great business, it is also a powerful enabler of growth and plays a critical role in providing our customers the freedom of choice they deserve, through innovative financing," he added.

Stellantis Financial Services (SFS), wholly-owned by the carmaker, provides financing options for new and used cars of the group's brands, including Jeep, Fiat and Ram.