Dive Brief:
- Stellantis has appointed Jon Nelson to a newly created role as “Head of Stellantis Financial Services and Leasing companies,” the automaker announced in a Nov. 21 press release.
- Nelson previously served as finance head for product planning, capital allocation and synergies at Stellantis before departing the automaker in 2024. In the new role, he will be tasked with developing and growing Stellantis’ financial services, driving innovation and customer-centric solutions across global markets, per the release.
- “Jon’s proven track record in leading large, international teams and executing complex financial strategies will be instrumental in advancing Stellantis’ financial excellence,” said CFO Joao Laranjo in a statement. “We are very happy to have a talent of his caliber back in our ranks.”
Dive Insight:
Nelson currently serves as a partner in PricewaterhouseCoopers’ U.S. business advisory practice, a role he will depart from before officially rejoining the automaker in January.
The returning executive joined Fiat Chrysler in February 2015 as a corporate controller. Prior to joining the automaker, Nelson worked for PricewaterhouseCoopers, where he was responsible for supporting the Greater Michigan market and the automotive sector, advising companies on capital market, accounting and financial reporting, according to his American Institute of CPAs (AICPA) bio.
Nelson also served on the IFRS Interpretations Committee until June 30, 2024, where he represented the automotive industry's financial interests on global accounting standards.
Following the January 2021 merger of FCA and PSA Group that created the multinational automotive company Stellantis, Nelson has held various senior accounting and controlling roles during his 10-year plus career at the automaker.
Nelson’s return to Stellantis follows its October announcement to invest a planned $13 billion in U.S. manufacturing. The company aims to increase domestic finished vehicle production by 50% over current levels and boost its market share after sluggish sales in 2025.
The automaker has been working on its turnaround plan since the appointment of Antonio Filosa as its new CEO in June. The incoming CEO announced a new executive leadership team on the same day as his official return to the company, made up of seasoned executives who he said “bring an entrepreneurial spirit and profound understanding of the company’s brands.”
In September, Stellantis appointed Laranjo as its new CFO. Laranjo previously served as CFO for Stellantis North America and succeeded Doug Ostermann, who elected to step down.
