Stellantis CEO Carlos Tavares resigns amid declining profits, especially in North America.

Stellantis CEO Carlos Tavares has resigned amid declining profits and sales, particularly in North America. The company's shares have fallen by about 40% this year. An interim executive committee led by Chairman John Elkann will manage the company until a new CEO is appointed by mid-2025. Tavares' departure follows disagreements with the board over profit recovery strategies.

December 01, 2024
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