Categories: Cars

Stellantis CEO Carlos Tavares Steps Down Earlier Than Initially Planned

Carlos Tavares has stepped down from his position as CEO of Stellantis. The executive had previously announced that he would step aside in 2026, but that timeframe was moved up due to a dispute with the automaker’s board.

The conflict relates to Stellantis’ slumping sales and how best to right the ship. The board believed Tavares was moving too fast and failed to take a long view of the problems facing the company in favor of short-term maneuvers to salvage his reputation as CEO. Tavares has overseen sliding sales and inflated dealer inventories, leading the automaker’s board to determine that operating with no CEO was better than continuing forward with his recent performance.

In a statement on December 1, Stellantis said, “The company’s board of directors, under the Chairmanship of John Elkann, accepted Carlos Tavares’ resignation today from his role as Chief Executive Officer with immediate effect.” Senior Independent Director Henri de Castries detailed the division between CEO and board, saying, “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.”

Tavares is a respected auto executive, but Stellantis’ problems will take more than visionary leadership to fix. The company has struggled with quality, and its current product offering feels dated compared to more modern models from GM and Ford. Even Jeep, the one brand Stellantis could count on to print money, has struggled, issuing recalls for its plug-in hybrid 4xe models and having vehicles sit on dealers’ lots for much longer than in past years.

[Images: Stellantis]

Become a TTAC insider. Get the latest news, features, TTAC takes, and everything else that gets to the truth about cars first by  subscribing to our newsletter.

Source: The Truth About Cars

WBN

Share
Published by
WBN

Recent Posts

Immaculate Feather Fossil Reveals the Unlikely Preserving Power of Volcanoes

A 30,000-year-old vulture feather from Central Italy was preserved down to the microscopic level by…

6 hours ago

This AirPods change in iOS 18 might save you from constantly switching noise modes

Adaptive Audio originally shipped for only, but has since expanded to AirPods 4 too. Apple…

6 hours ago

Stephen King’s Cujo Gets an Unexpected Yet Exciting Director

Darren Aronofsky, director of Black Swan and The Wrestler, is circling the Netflix remake.

6 hours ago

MacWhisper 12 delivers the most requested feature to the leading AI transcription app

MacWhisper has been a must-have transcription tool for a while now, and the new version…

6 hours ago

The Sex Lives of College Girls’ Best Future is on Netflix After Max Cancellation

On Tuesday afternoon, Max left many viewers stunned when it canceled The Sex Lives of…

6 hours ago

Croc: Legend of the Gobbos remaster gets a PC and console release date

Fans of developer Argonaut's warmly remembered 3D platformer Croc: Legend of the Gobbos are in…

6 hours ago