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According to a press release from the group, Carlos Tavares, the general manager of the car manufacturer Stellantis (Citroën, Fiat, Jeep, Dodge, Lancia, Opel, Peugeot, etc.), is leaving the group due to “divergence of views”.
In October, he indicated that he would not retire until 2026… But the group's board of directors decided otherwise. Carlos Tavares, CEO of Stellentis, announces his resignation this Sunday, December 1, “with immediate effect”
Also read:
Stellantis: Carlos Tavares to step down as CEO of the automaker and retire in 2026
“The company's board of directors, meeting today under the chairmanship of John Elkann, accepted the resignation of Carlos Tavares,” the group said 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, administrator of Stellantis.
A “very turbulent transition period”
The car manufacturer 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 a drop in 18% of 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 half of the year.
While waiting for his successor to be appointed, during the first half of 2025, it is the chairman of the board and head of the Agnelli family John Elkann who will lead a new temporary executive committee.
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