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Stellantis CEO Carlos Tavares Resigns Amid Strategic Dispute and Sales Slump

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Source: KATU
Stellantis CEO Carlos Tavares Resigns Amid Strategic Dispute and Sales Slump
Photo: KATU
TL;DR

Stellantis CEO Carlos Tavares has resigned amid declining sales and revenue, with the company reporting a 27% drop in net revenues for the third quarter. Tavares, who led the company since its merger with Fiat Chrysler in 2021, faced criticism from U.S. dealers and the United Auto Workers union due to poor financial performance. An interim executive committee, led by chairman John Elkann, will manage the company while a new CEO is appointed.

Topics:top-newsbusiness#automotive-industry#business#carlos-tavares#ceo-resignation#sales-decline#stellantis
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  1. Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue decline  KATU
  2. Stellantis CEO Carlos Tavares steps down  CNN
  3. Shares In Jeep Owner Stellantis Skid After CEO Quits  Barron's
  4. C.E.O. of Stellantis, Which Owns Chrysler and Jeep, Resigns  The New York Times
  5. Jeep and Fiat Maker Stellantis' CEO Quits Early Over Strategy Dispute  Bloomberg

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