Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
This Oct. 1, 2014 photo shows Jeep and Dodge Ram logos on signs at a dealership in Haverhill, Mass. Credit: AP/Charles Krupa
NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the Jeep and Ram maker, which has continued to struggle with slumping sales.
The world’s fourth-largest carmaker announced that its board accepted Tavares' resignation on Sunday. He will leave his role as chief executive immediately.
Stellantis noted Sunday that the process to appoint a new, permanent CEO is “well under way.” In the meantime, the company says a new interim executive committee, led by chairman John Elkann, will be established.
As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January of 2021 when it merged with Fiat Chrysler Automobiles. Its North American operations had been the company’s main source of profits, but have struggled this year amid larger market changes.
'Let somebody else have a chance' Hundreds of Long Island educators are double dipping, a term used to describe collecting both a salary and a pension. NewsdayTV's Shari Einhorn and Newsday investigative reporter Jim Baumbach report.
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