Stellantis CEO Carlos Tavares abruptly quits

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DETROIT: Stellantis chief executive Carlos Tavares resigned abruptly last Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.

Stellantis said the process to appoint the new permanent chief executive was well under way and would accelerate to conclude within the first half of 2025.

Tavares has led Stellantis since its creation in early 2021 through the merger of Fiat Chrysler and Peugeot owner PSA.

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Category: EconomyBusiness

Markets: MalaysiaFranceItalyUnited States

Topics: /Business/Business News Resignation Jeep Auto Fiat Stellantis Peugeot

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 814 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24069025

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