By Cristina Roca 
 

Exor NV on Tuesday named Ajay Banga as its new chairman as it moved to separate the role from the chief executive officer function.

The holding company of Italy's Agnelli family--the largest shareholder in Stellantis NV and CNH Industrial NV--appointed Mr. Banga as chairman and senior non-executive director of the board effective immediately.

John Elkann will stay on as CEO, it said.

Mr. Banga has sat on Exor's board since May 2021 and most recently chaired its environmental, social and corporate governance committee.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

May 24, 2022 10:26 ET (14:26 GMT)

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