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fortune.com/europe/2024/12/16/car-dealers-trash-legacy-ousted-stellantis-ceo-carlos-tavares/
Key FactsStellantis CEO Transition: Tavares Steps Down
Dec 16, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: motortrend.com
  • Carlos Tavares has stepped down as CEO of Stellantis, the global automaker formed from Fiat Chrysler and the French PSA Group.

  • An Interim Executive Committee, chaired by John Elkann, will temporarily lead the company until a new CEO is appointed in the first half of 2025.

  • Tavares' resignation comes as a surprise, following a tenure marked by declining sales and a delayed entry into the EV market.

  • Significant challenges remain for Stellantis, including postponed electric model rollouts and the need to reassess brand performance.