As head of PSA Peugeot, Carlos Tavares took control of the company in January 2021 when it merged with Fiat Chrysler Automobiles.
FILE - CEO Stellantis Carlos Tavares speaks during the Paris Automotive Summit on the sideline of the Paris Auto Show, in Paris, Oct. 15, 2024. NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing The world’s fourth-largest carmaker announced that its board accepted Tavares' resignation Sunday, effective immediately.
Stellantis noted Sunday that the process to appoint a new, permanent CEO is “well under way.” In the meantime, the company says a new interim executive committee, led by chairman John Elkann, will be established.of the Netherlands-based company in January 2021 — when it merged with Fiat Chrysler Automobiles, creating an automotive giant that is the parent to several well-known brands today. Beyond Jeep, Citroën and Ram, Stellantis’ portfolio includes Dodge, Chrysler, Fiat, Peugeot, Maserati and Opel. Stellantis' North American operations had been the company’s main source of profits for some time, but struggles piled up this year — with the company citing larger market changes and rising competition.The carmaker reported net revenues of 33 billion euros in the three-month period ending Sept. 30, down from 45 billion euros in the same period last year. All regions except South America reported double-digit dips in revenues — led by North America, which plunged 42% to 12.4 billion euros. Europe revenues dropped 12% to 12.5 billion euros.union workers — adding to further strain with the UAW, which filed several grievances against Stellantis and threatened to strike in recent months.the former chief executive over the company’s production plans in October, with the far-right government accusing the company of relocating assembly plants to low-cost countries. Tens of thousands of autoworkers in the country also held ain October, which included new heads of operations in North America and Europe. At the time, the company expected Tavares to step down in early 2026, closer to the end of his five-year contract.In a statement Sunday, Stellantis‘ senior independent director Henri de Castries said that Stellantis’ success is “rooted in a perfect alignment” between shareholders, the company’s board and the CEO — but noted that “different views” had emerged in recent weeks, resulting in the decision to approve Tavares' resignation. Elkann, the chairperson of Stellantis' board, thanked Tavares for “his years of dedicated service and the role he has played in the creation of Stellantis” in an additional statement. He added that he looks forward to appointing a new CEO.Washington D.C. company acquires Dauphin County communications firm If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
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Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
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Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
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Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
Read more »
Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
Read more »