Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales

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Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
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Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the Jeep and Ram maker, which has continued to struggle with slumping sales.

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The world’s fourth-largest carmaker announced that its board accepted Tavares' resignation on Sunday. He will leave his role as chief executive immediately.Stellantis noted Sunday that the process to appoint a new, permanent CEO is “well under way.” In the meantime, the company says a new interim executive committee, led by chairman John Elkann, will be established.of the Netherlands-based company in January of 2021 when it merged with Fiat Chrysler Automobiles.

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