Market
Stellantis to Appoint New Permanent CEO by June 30, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
The outcome can be determined based on official announcements from Stellantis or major financial news outlets.
Story
Stellantis CEO Carlos Tavares Resigns Immediately Amid Board Differences and Slumping Sales
Dec 1, 2024, 08:59 PM
Stellantis CEO Carlos Tavares has resigned with immediate effect due to divergences of views with the board, the company announced on Sunday. Tavares, who has led Stellantis since 2021, is stepping down more than a year earlier than planned, as he was expected to retire in early 2026. His departure comes amid slumping profits and weakened US sales, particularly affecting brands such as Jeep SUVs and Fiat cars. The board has accepted his resignation and established an interim executive committee chaired by John Elkann until a new CEO is appointed by mid-2025. Tavares' resignation follows a profit warning that shaved off 40% of the carmaker's value two months ago.
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John Elkann • 25%
Internal candidate • 25%
External candidate • 25%
Other • 25%
Linda Jackson • 25%
Richard Palmer • 25%
Other • 25%
Mike Manley • 25%
Executive from another automaker • 25%
Executive from outside the automotive industry • 25%
Current Stellantis Executive • 25%
Former Stellantis Executive • 25%
Other • 25%
Expansion into New Markets • 25%
Cost-Cutting Measures • 25%
Electric Vehicle Focus • 25%
Yes, in the US • 25%
Yes, in another region • 25%
No closures • 25%
Yes, in Europe • 25%
