Stellantis NV Chief Executive Officer Carlos Tavares is stepping down after profit slumped and U.S. sales weakened at the maker of Jeep SUVs and Fiat cars, which will be run by an interim committee headed by Chairman John Elkann.
A new CEO will be named in the first half of 2025, the company said in a statement, confirming a Bloomberg News report of Tavares’s resignation earlier Sunday.
Tavares is leaving his position sooner than expected as his views on the carmaker’s future differed from those of the board and some shareholders, according to the statement. The company confirmed its financial guidance for the year.
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