By Olivia Bugault
Stellantis NV said Friday that its Chief Executive Officer Carlos Tavares has decided to leave the board of directors of European plane maker Airbus SE next year.
"This personal decision should allow Carlos to dedicate his full professional time to leading Stellantis to success, together with the leadership team, through this critical transformation period in the automotive industry," the auto maker said.
Mr. Tavares will step down from Airbus's board at the end of his second term in 2022, the company said.
Carlos Tavares has headed Stellantis since the creation of the company in early 2021 when car makers Fiat Chrysler and Peugeot merged.
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(END) Dow Jones Newswires