CEO Carlos Tavares will have an unusually large number of direct reports at Stellantis. He says that digital tools developed in the pandemic will make it possible to govern the far-flung group, which will sell cars in more than 130 countries.
FCA CEO Mike Manley could receive nearly $63 million and CFO Richard Palmer $20 million after the merger with PSA closes, provided they remain at Stellantis and meet certain conditions, according to a shareholders' prospectus.
The industrial logic of the deal remains stronger than ever, but COVID-19 has forced the automakers to reduce a payout to FCA shareholders. But there are chances for shareholders of both automakers to recoup some of the cutbacks.