Reported 3 days ago
Carlos Tavares, CEO of Stellantis, resigned unexpectedly due to declining sales and profit warnings, leading to a significant drop in the company's value. His tenure faced scrutiny as the company struggled with poor performance in North America, and as tensions grew between Tavares and the board regarding his leadership approach. Stellantis will seek a new CEO by mid-2025, and in the meantime, an interim committee will oversee operations.
Source: YAHOO