The Stellantis automobile group announced this Sunday the resignation “with immediate effect” of his boss Carlos Tavares, whose successor will be appointed in the first half of 2025.
“The company's board of directors, meeting today under the chairmanship of John Elkann, accepted the resignation of Carlos Tavares“, indicates 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 Franco-Italian-American manufacturer indicated at the end of September that it had launched a succession process for its general director, whose mandate was scheduled to end at the beginning of 2026.With just over a year to go until the end of a five-year contract signed in January 2021, it is entirely 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.
Carlos Tavares himself admitted 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.
