Transportation
Stellantis Shake-Up Spotlights Tough Road Ahead for CEO
- Analysts say ouster of CFO won’t likely calm investor concerns
- Shares fall after management shake-up announced late Thursday
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Stellantis NV Chief Executive Officer Carlos Tavares managed to survive a disastrous collapse in profit by jettisoning his chief financial officer as part of a sweeping overhaul of his leadership team.
But the move only elevates the pressure on the 66-year-old executive to fix the automaker’s stumbles. With the clock winding down on his nearly five-year tenure, Tavares will have less leverage to tackle sliding sales, bloated inventories and a dated US vehicle lineup at the company’s Jeep and Ram brands.