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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 has resigned after nearly four years in the top spot of the Jeep and Ram maker, which has continued to struggle with slumping sales.
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 notice period or period of notice within a contract may by defined within the contract itself, or subject to a condition of reasonableness. In an employment contract , a notice period is a period between the receipt of the letter of dismissal and the end of the last working day.
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.
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 ...
Resignation is the formal act of leaving or quitting one's office or position. A resignation can occur when a person holding a position gained by election or appointment steps down, but leaving a position upon the expiration of a term, or choosing not to seek an additional term, is not considered resignation.
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