Similar Stories to Carlos Tavares Out As Stellantis Ceo A Year Ahead Of Planned Exit on Bing News

Stellantis CEO Carlos Tavares poses at the production line of the Peugeot e-3008 and e-5008 electric car at the Stellantis car factory in Sochaux, eastern France.FREDERICK FLORIN / AFP via Getty ImagesStellantis CEO Carlos Tavares has left the company, effective immediately, the automaker announced Sunday.His departure is more than a year ahead of his planned exit and comes amid a stock slump.Tavares had been fending off criticism from investors, dealers, and union workers for months.Stellantis CEO Carlos Tavares has left the company, effective immediately, the automaker announced on Sunday.In a statement, Stellantis announced the company's board of directors had accepted Tavares' resignation, thanking him for his years of service and pointing to "different views" as the primary reason for his departure."Stellantis' success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board and the CEO," Stellantis' Senior Independent Director, Henri de Castries, said in the statement."However, in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision."Tavares had served as Stellantis CEO since its creation in 2021, when PSA Group, a French automobile manufacturer, merged with Fiat Chrysler Automobiles to form the new company — the parent of major car brands, including Jeep, Chrysler, and Maserati.

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Similar Stories to Carlos Tavares Out As Stellantis Ceo A Year Ahead Of Planned Exit on Bing News

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