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Filosa officially takes the job on Monday

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Shares fall after management team announcement

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CFO Ostermann and tech chief Curic confirmed

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Maxime Picat leaves group

(Writes throughout adding shares, analyst and investor

comments, details on appointments and context)

MILAN, June 23 (Reuters) - Stellantis' ( STLA ) new

CEO Antonio Filosa will retain his previous role as head of the

key North American market as he broadly confirmed on Monday the

French-Italian automaker's senior management team on his first

day in the job.

Trading in Stellantis' ( STLA ) shares was briefly suspended after

they fell more than 5% at the open. They were down 1.8% by 0910

GMT, among the worst performers in Italy's blue-chip index.

Analysts at Jefferies said Filosa's decision to keep direct

responsibility for the North American business, however logical,

was also "suggesting that revamping Stellantis ( STLA ) may not be a

full-time job".

Stellantis ( STLA ) shares have fallen 10% since Filosa's appointment

at the end of May, with investors disappointed that an insider

was picked following a six-month search to replace Carlos

Tavares to revive the carmaker's profits, the U.S. business and

share price.

The global car sector is also struggling with aggressive

competition from China, especially in electric vehicles, the

impact of U.S. President Donald Trump's import tariffs, as well

as regulatory uncertainties.

"In this context, these internal choices for CEO position

and then for top management do not really offer a catalyst for

short-term investors to buy," said Massimo Baggiani, founder at

Niche Asset Management in London, which sold Stellantis ( STLA ) shares

last year.

The new executive team has a total of 16 direct reports to

Filosa, compared to up to 33 under Tavares, who stepped down in

December. All promoted managers were internal.

A source familiar with the matter said Filosa's decision to

retain the North American business leadership stemmed from his

commitment to continue the job he started about nine months ago

to revamp the region, which has been at the core of Stellantis' ( STLA )

recent problems. He also wanted to continue to manage the

effects of U.S. tariffs, the source added.

CUTTING TIES WITH TAVARES

Filosa, who turns 52 on Thursday, will for now be based

mainly in Detroit.

In February, under the steer of Chair John Elkann, the

world's fourth-largest automaker by sales launched a wide

management shake-up, which started to cut ties with the Tavares

era.

CFO Doug Ostermann and Technology and Engineering Chief

Ned Curic, two key figures in the group's organisation, were

confirmed in their roles, with Ostermann also taking charge of

mergers and acquisitions and joint ventures, the company said in

a statement on Monday.

Jean-Philippe Imparato will continue to lead Stellantis' ( STLA )

European business.

Maxime Picat, the group's chief purchasing and supplier

quality officer, who also applied for the CEO job and is now

seen as a candidate to succeed Luca De Meo as CEO of Renault

, has left Stellantis ( STLA ), the company said.

His functions will now be taken by Scott Thiele, in a

dedicated and newly-created role of head of supply chain, and

Monica Genovese, who was appointed head of purchasing.