His term at the head of the Stellantis Group was scheduled to end in 2026, but Carlos Tavares has just submitted his resignation.
The Board of Directors of the Stellantisunder the presidency of John Elkann, has accepted Tavares’ resignation with immediate effect. The company points out that The process to appoint the new permanent CEO is already underway, will be managed by a special committee and will conclude in the first half of 2025. Until then, a new Provisional Executive Committee will be created, chaired by John Elkann himself.
The departure of Tavares is not due to a greater deterioration in the Group’s results, which we remember cut its profit by 48% in the first quarter of the year, since the company plans to close the year with better results than in 2023. hasty decision is due to different disagreements and points of view that have arisen contrary to the criteria of the board of directors, which have led the Board and the CEO to make the decision in this very unexpected way.
“Our thanks to Carlos for his years of dedication and for the role he played in the creation of Stellantis, as well as in the previous restructurings of PSA and Opel, which have put us on the path to becoming global leaders in our sector”, Elkann said in a statement. “I look forward to working with our new Interim Executive Committee, supported by all of our Stellantis colleagues, as we complete the process of appointing our new CEO. Together we will ensure the continued deployment of the company’s strategy in the long-term interest of Stellantis and all its stakeholders,” said Elkann.
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