Stellantis CEO Carlos Tavares resigns, with replacement arriving in 2025

• Stellantis CEO, Carlos Tavares, who has held the position since Stellantis’ creation from the merge of PSA Group and FCA back in 2021, is stepping down from the position with immediate effect.
• Previously, Tavares was expected to stay in the role until 2026, with the process of searching for replacements already having started. However, this sudden resignation means the manufacturer will expedite this process of finding a replacement CEO.
• The news comes as the firm noted ‘different views’ emerging between shareholders, the board, and the CEO, in recent weeks.

Stellantis searches for new CEO after Tavares resignation

With Tavares’ immediate resignation, Stellantis has already began the process of appointing a new permanent Chief Executive Officer, which is expected to conclude by the first half of 2025. There’s no hint yet, on which individuals are being considered as replacements – nor whether these could be people already working within the company, or outsiders. In the meantime, Tavares will be replaced by an Interim Executive Committee, chaired by John Elkann, until a new CEO is appointed.

Whoever Tavares’ replacement may be, the board will likely be looking for someone who fits the firm’s ‘Dare Forward‘ strategy, which includes a target of 100% BEV mix in Europe, and 50% BEV mix in the U.S., by 2038. Elsewhere within the firm, other major appointments have been made in recent months, such as Eurig Druce as Group MD for Stellantis UK.

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Stellantis Chairman, John Elkann, commented:

“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. 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.”