Stellantis N.V. has announced the immediate resignation of Chief Executive Officer Carlos Tavares, as accepted by the company’s Board of Directors, chaired by John Elkann.
A Special Committee of the Board is actively managing the search for a permanent CEO, with the appointment expected by mid-2025. In the interim, an Interim Executive Committee, led by Elkann, will oversee operations.
Stellantis has reaffirmed its financial guidance for the full year 2024, as outlined in its October 31, 2024, presentation to investors.
Stellantis’ Senior Independent Director, Henri de Castries, commented: “Stellantis’ success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board and the CEO. However, in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today’s decision.”
Chairman John Elkann said: “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. Together we will ensure the continued deployment of the Company’s strategy in the long-term interests of Stellantis and all of its stakeholders.”
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