Stellantis CEO Carlos Tavares Resigns Amid Strategic Dispute
TL;DR
Stellantis CEO Carlos Tavares has resigned due to disagreements with the board and disappointing sales, amid criticism from the United Auto Workers union and US dealers. Tavares, who played a key role in the merger forming Stellantis, faced challenges including high vehicle prices, layoffs, and declining sales. An interim executive committee will be led by John Elkann until a new CEO is appointed by mid-2025. The UAW welcomed Tavares' resignation, citing mismanagement and mistreatment of the workforce.
- Stellantis CEO Carlos Tavares steps down CNN
- C.E.O. of Stellantis, Which Owns Chrysler and Jeep, Resigns The New York Times
- Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales CNBC
- Jeep and Fiat Maker Stellantis' CEO Quits Early Over Strategy Dispute Bloomberg
- Carlos Tavares Steps Down as CEO of Jeep-Maker Stellantis The Wall Street Journal
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