Stellantis: Carlos Tavares, the group’s general director, resigns with “immediate effect”

The Stellantis automobile group announced this Sunday in a press release the resignation “with immediate effect” of its general director, Carlos Tavares, who nevertheless had one year left before the end of his mandate. His successor will be appointed in the first half of 2025.

“The company’s board of directors, meeting today under the chairmanship of John Elkann, accepted the resignation of Carlos Tavares,” the group said in a press release. This decision is the result of “different points of view” between the board of directors and the manager, explains Henri de Castries, administrator of Stellantis.

A sharp drop in results

The Franco-Italian-American manufacturer indicated at the end of September that it had launched a succession process for its general director, whose mandate was scheduled to end at the beginning of 2026.

Stellantis, which produces Chrysler as well as Citroën, Fiat, Jeep, Dodge, Lancia, Opel, Peugeot, Ram and Vauxhall, published in July a sharp fall in first-half results, handicapped in particular by an 18% drop in sales. sales in North America, the group’s cash machine. Carlos Tavares himself admitted at the end of July that Stellantis was going through a “very turbulent transition period” and that he expected to recover in the second half of the year.