Stellantis CEO, Carlos Tavares, has resigned his position with immediate effect. Mr Tavares had already announced that he would leave his position at the end of his contract in 2026 but following profit warnings and a disagreement with the Board of Directors at a recent Board Meeting over the further cost cutting measures and the future direction of the Company Mr Tavares offered his resignation with immediate effect which was accepted by The Board. His replacement will be the subject of an announcement early in 2025. CPUK wishes Mr Tavares good luck in whatever he decides to do in the future.
