Hyperdrive
Stellantis Searches for Tavares Successor as Pressure Rises
- Chairman Elkann has no plans for immediate CEO change
- Jeep maker’s board is scheduled to meet in the US next month
Stellantis’ board of directors is due to meet in the US on Oct. 9 and 10 to evaluate plans put in place to turn around the business in the region.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
Stellantis NV Chairman John Elkann has started a search for a successor to Chief Executive Officer Carlos Tavares, whose contract runs out in early 2026.
The automaker confirmed the decision and said it’s part of regular succession planning after questions from Bloomberg News. Pressure on the CEO is rising due to Stellantis’ poor performance in markets including the US, its biggest single profit pool.