Published December 02,2024
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Carlos Tavares, Chief Executive Officer of Stellantis, speaks on the Paris Automotive Summit through the 2024 Paris Auto Show in Paris, France, October 15, 2024. (REUTERS File Photo)
Carlos Tavares, the CEO of automotive big Stellantis, surprisingly introduced a right away resignation on Sunday.
The seek for a brand new chief govt is already in progress, with a choice anticipated by the primary half of 2025, the world’s fourth-largest carmaker stated in an announcement.
Until then, the corporate will set up a brand new interim govt committee led by Chairman John Elkann.
“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,” stated Senior Independent Director Henri de Castries.
In October, Stellantis stated it confirmed the retirement of Tavares on the finish of his contract in early 2026.
Stellantis was fashioned in 2021 from the merger of the Italian-American conglomerate Fiat Chrysler Automobiles and the French PSA Group. The firm’s headquarters are within the Netherlands.
Stellantis designs, manufactures and sells autos in 14 manufacturers, and ranked fourth globally final yr in gross sales amongst automakers.
Source: www.anews.com.tr