Stellantis CEO Carlos Tavares Resigns Amid Stock Drop News Today | DRM News | AF1B

Carlos Tavares, CEO of Stellantis, unexpectedly resigned on Sunday amid tensions with major shareholders and the board. His departure follows a profit warning two months ago, which led to a 40% drop in Stellantis’ stock value this year. The company, the world’s fourth-largest automaker, faced challenges with slow sales and bloating inventories in North America. Tavares, a highly respected leader, had steered Stellantis since its formation in 2021 through the merger of Fiat Chrysler and PSA. Stellantis plans to appoint a new CEO in the first half of next year.


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Stellantis CEO Carlos Tavares Resigns Amid Stock Drop News Today | DRM News | AF1B

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