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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.
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.
Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping ...
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 ...
1 month if employed below 3 years; 3 months if employed 3 or more years. The week-measured period ends on Saturday. The month-measured period ends on the last day of calendar month—for instance, if 1-month period applies, a resignation or dismissal produced between 1st and 30 April results in contract termination on 31 May. [6]
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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