Stellantis named its North American chief Antonio Filosa as CEO on Wednesday, as the world's fourth-biggest automaker by sales seeks to turn around its performance, boost its flagging share price and recover lost U.

Stellantis has named a new chief executive officer. The world’s fourth-largest car manufacturer is navigating the impact of U.S. tariffs, burgeoning competition from China and the transition to electric vehicles.

The announcement ends a months-long search that began in December when Carlos Tavares suddenly departed the company amid falling sales and profits.