Stellantis, the maker of Jeep, Fiat and Peugeot, announced on Sunday that CEO Carlos Tavares has resigned.
Stellantis, the maker of Chrysler, Jeep, Fiat and Peugeot among other brands, announced on Sunday that embattled CEO Carlos Tavares has resigned due to differences with the board and in the face of disappointing sales and calls for his ouster.
Tavares, 66, a Portuguese businessman who was central to the deal that merged French automaker PSA Group, maker of Peugeot, and the European-American automaker Fiat-Chrysler, into the newly named Stellantis. He had been chairman of PSA Group ahead of that deal, which closed in January 2021. Earlier this year, it was announced that Tavares would retire at the end of his contract in early 2026.
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