Leadership Shakeup at Stellantis Following CEO Resignation
Stellantis is undergoing significant organizational changes after the abrupt resignation of CEO Carlos Tavares, amid ongoing struggles with declining sales and internal board conflicts. Billionaire Fiat heir has assumed control of the company as it seeks to navigate through a critical period marked by a halving market value and concerns over leadership direction. Executives, including U.S. boss Filosa and former CFO Palmer, are being tapped for new roles as a committee takes the reins temporarily. This shift is part of a broader pattern of challenges facing Stellantis, including a critical period for electric vehicle strategies and ongoing conflicts with the board regarding revival plans. As the company seeks to stabilize and find a permanent replacement, the future remains uncertain, leaving dealers and investors anxious about the direction of the Jeep and Ram parent.
Stellantis, Fortune, Bloomberg, The Guardian, TheTruthAboutCars, Automotive News, Yahoo Finance, Reuters, Detroit News, The Wall Street Journal