Stellantis CEO Carlos Tavares resigned due to the company’s declining sales and profits.

Stellantis CEO Carlos Tavares resigned on Sunday, following a decline in the company’s sales and profits. The board accepted his resignation amid differences over the company’s direction. Stellantis, known for brands like Jeep and Ram, has seen a significant drop in its stock price and net revenues. An interim executive committee led by Chairman John Elkann will manage the company until a new CEO is appointed by mid-2025.

December 01, 2024
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