Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
Carlos Tavares, the CEO of DETROITStellantis, abruptly left the company on Sunday due to growing disagreements between the board of directors and the executive.
On Sunday, the fourth-largest automaker in the world announced that Tavares' resignation had been accepted by its board. His departure takes effect right now.
Stellantis, a Jeep manufacturer, stated that it is well underway with its search for a new CEO and anticipates wrapping it up in the first half of next year. According to the corporation, a new interim executive committee headed by chairman John Elkann would be formed in the interim.
Since its founding, Stellantis' success has been based on the CEO, the Board, and reference shareholders all being perfectly aligned. Henri de Castries, senior independent director of Stellantis,...