Stellantis CEO Carlos Tavares Steps Down Over a Year Ahead of Schedule
Carlos Tavares has abruptly left his role as CEO at Stellantis for reasons that remain unclear, according to Autoweek.
Though he was originally set to retire when his contract ended in 2026, Tavares will be making an early departure. An interim executive committee chaired by John Elkann will fill his role until a successor is found, which the company aims to find by the first half of 2025.
No reasons have been officially given for why Tavares left over a year ahead of schedule, but a Reuters report revealed that it came after disagreements between Tavares and Stellantis board members on how to respond to tumbling sales. While Tavares wanted to focus on cutting costs, others in the company were more concerned with identifying long-term solutions.
“Our thanks go to Carlos for his years of dedicated service and the role he has played in the creation of Stellantis, in addition to the previous turnarounds of PSA and Opel, setting us on the path to becoming a global leader in our industry,” said Stellantis chairman John Elkann said in a release from Stellantis.
