Stellantis CEO Carlos Tavares resigns from struggling carmaker
Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.
Opinion
Commentary: Stellantis CEO Carlos Tavares Is Gone
CEO Carlos Tavares has stepped down from his position. In a Stellantis press release, the company said the Board of Directors accepted Tavares resignation, adding "in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision.
Divergences between Carlos Tavares and Stellantis board members, which led to the CEO's abrupt resignation, were mainly over ...
Carlos Tavares’s immediate demise was due to his ambitious sales and cost-cutting targets, which many board members deemed ...
Then, they want a new CEO to put the transformation to electric vehicles front and center. Finally, some analysts said the ...
Targets deemed unrealistic or destructive by some board members triggered the sudden fall of Stellantis CEO Carlos Tavares ...
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