The board of directors of Stellantis announced, Sunday 1is December, the departure of Carlos Tavares, its CEO.
“The board of directors of the company, meeting today under the chairmanship of John Elkann, accepted the resignation of Carlos Tavares”writes the group in a press release.
This decision is the result of “different points of view” between the board of directors and the manager, explains Henri de Castries, director of Stellantis.
The automotive group announced at the end of September that it had launched “the process of identifying one’s successor”. The mandate of the Franco-Portuguese boss was due to end at the beginning of 2026.
“A little over a year before the end of a five-year contract signed in January 2021, it is completely normal for a board of directors to look into the subject with the necessary anticipation in view of the importance of the position, without this presaging future discussions”the group then indicated in a brief press release sent to AFP.
Stellantis, which produces Chrysler as well as Citroën, Fiat, Jeep, Dodge, Lancia, Opel, Peugeot, Ram and Vauxhall, published in July a sharp fall in first-half results, handicapped in particular by an 18% drop in sales. sales in North America, the group's cash machine. Mr. Tavares himself conceded at the end of July that Stellantis was going through a “very turbulent transition period” and that he expected to recover in the second semester.
His successor will be appointed in the first half of 2025. “In the meantime, a new temporary executive committee, chaired by John Elkann, will be established”adds the group.
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