Stellantis CEO Carlos Tavares has resigned effective immediately.
The automaker’s Board of Directors accepted Tavares’ resignation on Sunday, Dec. 1, 2024.
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“Stellantis’ success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board and the CEO,” said Stellantis’ Senior Independent Director, Henri de Castries. “However, in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today’s decision.”
“Our thanks go to Carlos for his years of dedicated service and the role he has played in the creation of Stellantis, in addition to the previous turnarounds of PSA and Opel, setting us on the path to becoming a global leader in our industry,” said Chairman John Elkann. “I look forward to working with our new Interim Executive Committee, supported by all our Stellantis colleagues, as we complete the process of appointing our new CEO. Together we will ensure the continued deployment of the Company’s strategy in the long-term interests of Stellantis and all of its stakeholders.”
According to Stellantis, a new CEO will be appointed in the first half of 2025. In the meantime, a new Interim Executive Committee, chaired by John Elkann, will be established.
