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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.
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El CEO de Stellantis, Carlos Tavares, renunció debido a la disminución de las ventas y las ganancias de la compañía.