Chief Executive Officer (CEO) Carlos Tavares of Stellantis, a major multinational automotive manufacturing company, abruptly tendered his resignation Sunday.
The company accepted Tavares’s resignation effective immediately and has started the process of finding a new CEO, according to a press release. The company estimated that the process will be concluded by mid-2025 and said they have empowered “a new Interim Executive Committee” led by John Elkann to fill the void.
“Our thanks go to Carlos for his years of dedicated service and the role he has played in the creation of Stellantis, in addition to the previous turnarounds of PSA and Opel, setting us on the path to becoming a global leader in our industry. I look forward to working with our new Interim Executive Committee, supported by all our Stellantis colleagues, as we complete the process of appointing our new CEO,”…
