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    STLA   NL00150001Q9

STELLANTIS N.V.

(STLA)
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Real-time Estimate Tradegate  -  04:00 2022-06-28 pm EDT
12.22 EUR   -1.63%
03:45pNew-Vehicle Sales in US to Take Hit From Inflation, Inventory Shortages in Second Quarter, Edmunds Says
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12:25pBNP Paribas Exane Downgrades Stellantis to Neutral from Outperform, Adjusts Price Target to $16.85 from $21.02
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06/27Stellantis Expands Relationship with Vulcan Energy Becoming Shareholder in Decarbonized Lithium Company
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Florian Huettl Formally Named New CEO of Opel/Vauxhall

05/19/2022 | 11:33am EDT

Russelsheim. Florian Huettl (45) has been named the new CEO of Opel/Vauxhall by the Supervisory Board of Opel Automobile GmbH. This was formally decided during the meeting of the Supervisory Board yesterday evening. The previous Head of Sales and Marketing of Opel/Vauxhall will assume leadership of the two brands on June 1, 2022. Huettl succeeds Uwe Hochgeschurtz, who has been appointed Enlarged Europe Chief Operating Officer of Opel's parent company Stellantis and will take over Maxime Picat's responsibilities. Uwe Hochgeschurtz assumed his position as Opel/Vauxhall CEO on September 1, 2021. During this time, he gave further impetus to Opel/Vauxhall's electrification and digitization offensive.

'Florian Huettl is a proven leader in sales and marketing. He will continue the path successfully taken by Opel/Vauxhall. Both traditional brands have a very special position within Stellantis; Opel is the only German and Vauxhall the only British brand in the group. Florian Huettl will continue to work closely with Uwe Hochgeschurtz in the future. I wish Florian and Uwe all the best in their new roles and would like to thank Uwe for his valuable contribution in recent months,' said Xavier Chereau, Chairman of the Opel Supervisory Board and Chief Human Resources & Transformation Officer at Stellantis.

Florian Huettl has been Head of Sales and Marketing at Opel/Vauxhall since March 1, 2022. His successor in this position will be named at a later date. Huettl has held various senior positions at Stellantis and the Renault Group. Over the past 20 years he has gained international experience in the UK, France, Switzerland, and Russia. Huettl holds a bachelor's degree in International Business Management from the University of Applied Sciences in Bergisch-Gladbach.

Uwe Hochgeschurtz started his career in the automotive industry in 1990 at Ford, before joining VW in 2001 and Renault in 2004. He studied business administration in Germany (Wuppertal & Cologne), the UK (Birmingham) and France (Paris Dauphine).

Contact:

Harald Hamprecht

Tel: +49 (0) 6142 7 72300

Mobile: +49 (0) 160 9781 7333

harald.hamprecht@opel-vauxhall.com

Roland Korioth

Tel: +49 (0) 6142 6922017

Mobile: +49 (0) 160 90527330

roland.korioth@opel-vauxhall.com

Mark Bennett

Tel.: +49 (0) 6142 6923811

Mobile: +49 (0) 151 51517432

mark.s.bennett@opel-vauxhall.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on STELLANTIS N.V.
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Financials
Sales 2022 170 B 179 B 179 B
Net income 2022 13 385 M 14 087 M 14 087 M
Net cash 2022 23 123 M 24 337 M 24 337 M
P/E ratio 2022 2,90x
Yield 2022 9,60%
Capitalization 39 288 M 41 351 M 41 351 M
EV / Sales 2022 0,10x
EV / Sales 2023 0,07x
Nbr of Employees 281 595
Free-Float 75,3%
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Number of Analysts 23
Last Close Price 12,54 €
Average target price 21,96 €
Spread / Average Target 75,1%
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Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Ned Curic Chief Technology Officer
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