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.

The carmaker named Antonio Filosa as its next chief executive as it navigates tariffs, a challenging car market and strategic missteps.

Antonio Filosa, who most recently served as Stellantis's COO of the Americas, will assume his position on June 23.