• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Stellantis CEO Tavares resigns amid lagging US sales

by December 2, 2024
written by December 2, 2024

Investing.com– Stellantis NV (NYSE:STLA) said on Sunday that CEO Carlos Tavares will step down effective immediately, and that his replacement will be appointed within the first half of 2024. 

Tavares’ resignation comes as the automaking giant grapples with lagging sales, especially of its Jeep and Ram sales in North America. A slew of reports in recent months had suggested that the automaker was seeking new leadership.

Tavares had also faced criticism after Stellantis issued a profit warning for 2024, amid heightened expenses and high inventories in North America. 

“In recent weeks different views have emerged which have resulted in the Board and the CEO coming to today’s decision,” Senior Independent (LON:IOG) Director Henri de Castries said in a press release. 

Stellantis reiterated its profit warning, and said that a new interim executive committee, headed by Chair John Elkann, will handle Tavares’ responsibilities until his replacement is found. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
World’s top 100 defence groups boost arms sales by 4% in 2023, think tank SIPRI says
next post
OpenAI CEO Altman says looking forward to working with Trump- Fox

You may also like

BASF results down on impairments, restructuring

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Trump victory could turn Fed hawkish, while Harris victory would extend AI rally
    • Brazil attorney general backs reinstating social medial platform X

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy