Stellantis CEO Carlos Tavares Resigns Amid Strategic Dispute
TL;DR Summary
Stellantis CEO Carlos Tavares has resigned due to disagreements with the board and disappointing sales, amid criticism from the United Auto Workers union and US dealers. Tavares, who played a key role in the merger forming Stellantis, faced challenges including high vehicle prices, layoffs, and declining sales. An interim executive committee will be led by John Elkann until a new CEO is appointed by mid-2025. The UAW welcomed Tavares' resignation, citing mismanagement and mistreatment of the workforce.
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- Carlos Tavares Steps Down as CEO of Jeep-Maker Stellantis The Wall Street Journal
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