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Tavares' resignation was effective immediately, and the process to appoint a new permanent CEO is "well under way," to be concluded within the first half of 2025, according to the release.
In a statement, Stellantis said that its board of directors "accepted Carlos Tavares' resignation," and that it expects to hire a new permanent CEO in the first half of 2025.
Stellantis CEO Carlos Tavares's resignation comes after months of pressure. The global auto giant is in turmoil amid poor financial performance in 2024. Tavares leaves the company locked in legal ...
On 1 December 2024, the board announced that it had accepted Carlos Tavares' resignation as CEO; a new Interim Executive Committee, chaired by John Elkann, was established to identify a new CEO. [52] [better source needed]
Carlos Tavares (born 14 August 1958 [not verified in body] [1]) is a Portuguese business executive, primarily in the automotive sector.He was the chief executive officer (CEO) of Stellantis from January 2021 to December 2024 (when it was the world's fourth largest automaker by sales), a conglomerate that was formed by a merger that he had overseen, that of the PSA Group and Fiat Chrysler ...
A formal letter with minimal expression of courtesy is then-President Richard Nixon's letter of resignation under the terms of a relatively unknown law passed by Congress March 1, 1792, [1] likely drafted in response to the Constitution having no direct procedure for how a president might resign.
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