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- Stellantis CEO Carlos Tavares resigned amid struggles with slumping sales after nearly four years in charge, marked by a loss of boardroom support.
- Independent director Henri de Castris noted there were 'different views' within the company, making Tavares's resignation seem inevitable.
- Despite his controversial tenure, Tavares received $77 million in compensation as Stellantis faced challenges from global demand and competitors.
12 Articles
12 Articles
On the first day of December, Carlos Tavarez, the first man of Stellantis, the man who brought Peugeot-Citroen, Fiat, Ram and Jeep under one roof, resigned with the effective date "immediately".
Stellantis announced on Sunday December 1, 2024 the resignation “with immediate effect” of Carlos Tavares, boss of the automotive group, whose successor will be appointed in the first half of 2025. Disagreements hastened his departure. Reactions to Sochaux and Vesoul, two of the group's French factories.
The automotive group, the parent company of Peugeot, Citroën, Citroën, Jeep and Fiat, announced on Sunday the resignation “with immediate effect” of Mr. Tavares, whose successor will be appointed in the first half of 2025. A departure welcomed by the unions.
The Stellantis car group has become one of the main protagonists of this Monday’s stock exchange session this Monday. Their shares, which are listed on the Milan Stock Exchange, lose more than 8% after the resignation of their CEO, Carlos Tavares. Shortly after the opening of the Milan Park, Stellantis’ shares have reached 11,624 points, representing a decrease of 7,28% at 9.20 local time (8.20 GMT).The car group, to which brands such as Citroën…
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- 43% of the sources lean Left, 43% of the sources are Center
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