Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
FILE - CEO Stellantis Carlos Tavares speaks during the Paris Automotive Summit on the sideline of the Paris Auto Show, in Paris, Oct. 15, 2024. Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram, amid an ongoing struggle with slumping sales.
Stellantis noted Sunday that the process to appoint a new, permanent CEO is “well underway.” In the meantime, the company says a new interim executive committee, led by chairman John Elkann, will be established. Stellantis posted 27% plunge in net revenues for its third quarter earlier this year as gaps in launching new products and action to reduce inventories also slashed global shipments of new vehicles by 20%.
In recent months, Tavares had been under fire from U.S. dealers and the United Auto Workers union after dismal financial performance reports.
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Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
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Stellantis CEO Carlos Tavares steps down amid sales slump and global revenue declineStellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram.
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Stellantis CEO Carlos Tavares steps downStellantis, the maker of Jeep, Fiat and Peugeot, announced on Sunday that CEO Carlos Tavares has resigned.
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Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping salesStellantis 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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Stellantis CEO Carlos Tavares resigns amid slumping salesStellantis 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. The world’s fourth-largest carmaker announced that its board accepted Tavares’ resignation on Sunday. He will leave his role as chief executive immediately.
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Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping salesStellantis CEO Carlos Tavares resigns as the Jeep and Ram maker continues to struggle with waning sales.
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