All articles tagged with #john elkann
John Elkann, chair of Ferrari and Stellantis, agreed to do community service and pay €183m to settle a tax dispute in Italy related to his grandmother's estate, without admitting liability, as part of a broader family inheritance legal saga.
John Elkann, heir to the Agnelli family dynasty, has taken control of Stellantis, the parent company of Jeep, Ram, and Chrysler, following the resignation of CEO Carlos Tavares. Known for his pragmatic and unsentimental approach, Elkann has reshaped the company through strategic mergers and acquisitions. Despite a family history marked by tragedy, Elkann remains focused on ensuring the longevity of the family fortune and is actively involved in various business ventures, including a significant stake in Ferrari and investments in healthcare and tech startups.
Carlos Tavares has resigned as CEO of Stellantis, the parent company of Jeep and Ram, amid a rapid decline in the company's performance. John Elkann, the Fiat heir and board chairman, will temporarily lead the company while a permanent successor is sought. Tavares's departure follows internal disagreements and criticism from U.S. dealers over his management strategy. Despite recent record results, Stellantis has faced challenges in the U.S. market, impacting its global sales ranking. Elkann, with a strong family legacy in the automotive industry, is unlikely to take on a permanent CEO role.