Carlos Tavares announced he would leave when his contract expired in 2026 but has officially left the company before the end of 2024.Filling the void at the head of Stellantis is an interim executive committee, chaired by John Elkann. Stellantis says the company is looking to appoint a permanent CEO in the first half of 2025. Carlos Tavares has resigned as CEO of Stellantis. Filling the void in his absence is an interim executive committee chaired by John Elkann, according to Stellantis.
According to Reuters, Taveres wanted to focus on cost-cutting instead of on longer-term solutions for the brand’s problems.Of course, there might be more to the story than just the North American product portfolio; there could also be pressure from the United Auto Workers that factored into this decision.