Carlos Tavares OUT as Stellantis CEO a year ahead of planned exit

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Carlos Tavares out as Stellantis CEO a year ahead of planned exit​

Katherine Tangalakis-Lippert
Dec 1, 2024, 5:41 PM EST

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Stellantis CEO Carlos Tavares poses at the production line of the Peugeot e-3008 and e-5008 electric car at the Stellantis car factory in Sochaux, eastern France. FREDERICK FLORIN / AFP via Getty Images
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  • Stellantis CEO Carlos Tavares has left the company, effective immediately, the automaker announced Sunday.
  • His departure is more than a year ahead of his planned exit amid a stock slump.
  • Stellantis is the parent company of major car brands including Jeep, Chrysler, and Maserati.
Stellantis CEO Carlos Tavares has left the company, effective immediately, the automaker announced on Sunday.
In a statement, Stellantis announced the company's board of directors had accepted Tavares' resignation, thanking him for his years of service and pointing to "different views" as the primary reason for his departure.

"Stellantis' success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board and the CEO," Stellantis' Senior Independent Director, Henri de Castries, said in the statement."However, in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision."

Tavares had served as Stellantis CEO since 2021 when PSA Group merged with Fiat Chrysler Automobiles to form the company. While Stellantis has seen its profits shrink and stock slump dramatically this year, the company's board, in an October statement, previously indicated it was "unanimous in its support of Carlos Tavares" and that he would continue to serve in the role until the end of his contract in early 2026.

Representatives for Stellantis did not immediately respond to a request for comment from Business Insider.


https://www.businessinsider.com/carlos-tavares-ceo-stellantis-jeep-chrysler-exit-2024-12
 
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Hemi395

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Good riddance. They have a lot of ground to make up now....
 

NCRaineman

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Need to get some folks in charge of North American operations that actually understand the North American auto market. EVs have their place, but they will never dominate the market over here.
 
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Yardbird

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I'm afraid the next CEO will be a woke globalist, bowing to the EV worshipers and one world government types.

The European EV goals will not be reached, and those in charge of making and enforcing those rules know it.

There are not enough charging stations, and most importantly, not enough electricity if there were.

As I have been saying, this is about total control of the population in the guise of saving the planet and ourselves.

Look at how all the world's wealth is being concentrated into fewer and fewer hands.

On another hand, I went to Ram build and price today. Good grief..... Between prices, and the limited option packages, it's a cluster.

The days of ordering anything totally customized your way is long gone. You get a package, and like it, or not...
 
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