Stellantis CEO Carlos Tavares Resigns Amid Strategic Challenges
TL;DR Summary
Stellantis CEO Carlos Tavares has resigned due to differing views with the board, amid declining sales and financial struggles in the U.S. market. Tavares, who led Stellantis since its 2021 merger, was known for aggressive cost-cutting measures, which some insiders claim have led to operational issues. The company is searching for a new CEO, with an interim executive committee led by chairman John Elkann in place. Stellantis' U.S. sales have dropped significantly, and its stock has fallen by 43% in 2024.
Topics:top-news#automotive-industry#business#carlos-tavares#ceo-resignation#financial-performance#stellantis
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