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In this article * STLA Follow your favorite stocksCREATE FREE ACCOUNT The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19,
2021. Jeff Kowalsky | Afp | Getty Images Car maker Stellantis on Wednesday denied an Italian newspaper report that it planned to name outgoing Apple finance chief Luca Maestri as its new
chief executive. "It is not true," a spokesperson for Stellantis said, after Corriere della Sera reported that company Chairman John Elkann, the scion of Italy's Agnelli
family, planned to appoint Maestri following the departure of CEO Carlos Tavares. Shares in Stellantis had risen in initial trading after the report before paring gains. Maestri's name
had circulated a few years ago when Elkann sought a new CEO for Ferrari, the luxury sports car maker which is 25% owned by EXOR, the Agnelli family's holding company. However, a source
with direct knowledge of the matter dismissed talk of Maestri being considered for Stellantis as "fake news." A second source close to the matter told Reuters that a CEO from the
tech sector may be a possibility at Stellantis, noting however that given his role at Apple, Maestri has more of a financial than tech profile. Ferrari eventually turned to the technology
industry to pick chipmaker STMicroelectronics veteran manager Benedetto Vigna as its new boss in 2021.
