Stellantis N.V.

STLAM

NL00150001Q9

Auto & Truck Manufacturers

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Jan. 16	The car lobby wants to change von der Leyen's prestigious climate project	DP
Jan. 16	Europe's car industry is fighting back against penalties for emitting too much CO2.	RE

Tavares to leave Stellantis, possible replacements considered

October 21, 2024 at 01:12 am EDT

(Alliance News) - Carlos Tavares, current CEO of Stellantis, will leave his post at the end of 2025, officially for personal reasons related to his age but also because of the difficulties the group has faced recently.

As Milano Finanza reports, in the U.S., Stellantis has overstocked and the value of its shares has plummeted significantly. In Italy, production has also dropped and Tavares has stoked tensions with the government and labor unions. To deal with the crisis, he restructured management and promised to solve the problems before his retirement.

The search for a successor is already under way, and according to John Elkann, chairman of Stellantis, the choice could fall to an internal candidate.

Among the most likely names are Frenchmen Jean-Philippe Imparato, CEO of the commercial vehicle division, and Olivier Francois, head of Fiat and Abarth.

Other candidates include Italian Antonio Filosa, current CEO of Jeep, and American Christine Feuell, head of Chrysler and Ram.

However, outside profiles are also being considered, such as Luca de Meo, CEO of Renault, and Jose Munoz of Hyundai, while a more remote suggestion is Mary Barra of General Motors.

The decision should be made by mid-2025 to ensure an orderly transition.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
GENERAL MOTORS COMPANY	51.84USD	+0.27%	+1.65%	56.85B
RENAULT	48.37EUR	+1.77%	+5.59%	13.13B
STELLANTIS N.V.	12.21EUR	0.00%	-1.71%	34.79B
STELLANTIS N.V.	12.21EUR	-0.94%	-1.72%	34.79B

Latest news about Stellantis N.V.

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Futures down; Mib restarts from 34,000 mark	Jan. 13	AN
Stellantis Cuts Excess US Inventory in Late 2024	Jan. 13	MT
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Carlos Tavares

Carlos Tavares is a Portuguese businessperson who has been at the head of 7 different companies and holds the position of Chief Executive Officer & Executive Director at Stellantis NV and Chairman at Peugeot Citroën Automobiles SA (a subsidiary of Stellantis NV). Mr. Tavares is also on the board of Airbus SE and Airbus Holding SA and Chairman at Fondation PSA Peugeot Citroën. Mr. Tavares previously held the position of President of European Automobile Manufacturers Association, Chief Operating Officer of Renault SA, Director at Nissan Motor Co., Ltd. and Chairman & President for Nissan North America, Inc. (a subsidiary of Nissan Motor Co., Ltd.), General Manager-Micro Enterprise at Bed & Breakfast Association of Kentucky, Member-Managing Board at Renault-Nissan-Mitsubishi Alliance, Chairman-Supervisory Board at Opel Automobile GmbH and Chairman-Management Board at Peugeot SA. Mr. Tavares received an undergraduate degree from École Centrale Paris.

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Company Profile

Stellantis N.V. is one of the world's leading car manufacturers. The activity is essentially organized around 4 sectors: - sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands; - sale of luxury vehicles: Maserati and DS Automobiles brands; - sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.; - other: sales financing services (purchase, rental, leasing, etc.), after-sales services, etc.; - other: sales financing services (purchase, rental, leasing, etc.). Net sales are distributed geographically as follows: the Netherlands (0.8%), North America (46.7%), France (9.5%), Brazil (7.3%), Italy (6.2%), Germany (5.5%), the United Kingdom (4.4%), China (0.6%) and other (19%).

Employees

258,275

Sector

Auto & Truck Manufacturers

Calendar

2025-02-25 - Q4 2024 Earnings Call

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