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Stellantis CEO Carlos Tavares (C) solutions questions from journalists after attending a go to to the manufacturing line of the brand new electrical automobile Peugeot e-3008 and e-5008 on the Stellantis automobile manufacturing facility in Sochaux, japanese France on October 3, 2024.
Frederik Florin | AFP | Getty Photographs
Stellantis CEO Carlos Tavares is stepping down after practically 4 years within the prime spot on the Jeep and Ram maker, which continues to wrestle with declining gross sales.
The world’s fourth-largest automaker introduced on Sunday that its board had accepted Tavares’ resignation. He’ll resign from his position as CEO with quick impact.
Stellantis famous on Sunday that the method to nominate a brand new, everlasting CEO “is nicely underway.” Within the meantime, the corporate says a brand new interim government committee can be established, led by Chairman John Elkann.
As head of PSA Peugeot, Tavares took management of the Netherlands-based firm in January 2021 when it merged with Fiat Chrysler Vehicles. Its North American operations had been the corporate’s most important revenue generator, however have struggled this yr amid wider market modifications.
Stellantis CEO Carlos Tavares is stepping down because the automaker continues to wrestle with declining gross sales
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