Stellantis NV

STLAM: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€56.90	Kjfp	Bcdmllz

Stellantis: Announced Change in CFO Unexpected but No FVE Change

Richard Hilgert

Apr 20, 2023

We were surprised by the unexpected announcement that no-moat-rated Stellantis has named Natalie Knight as CFO, replacing Richard Palmer, effective July 10, 2023. Palmer, with about 20 years at Stellantis and predecessors, was one of the architects that combined Fiat and Chrysler in 2014 and then, in 2021, Peugeot and Fiat Chrysler to form Stellantis. The firm gave no reason for Palmer's departure, and CEO Carlos Tavares added, "We wish Richard the very best for the future and in any new challenges that await him." The Stellantis press release also said Palmer was staying on until the end of June "to ensure a smooth handover."

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