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Jeep and Fiat Maker Stellantis' CEO Quits Early Over Strategy Dispute
- Interim committee to be headed by Chairman John Elkann
- Stellantis cites strategic differences at struggling carmaker
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Stellantis NV Chief Executive Officer Carlos Tavares, known for his cost-cutting drive, stepped down from the automaker following a dispute with the board over how to arrest weakening sales and a stock slump.
Tavares will hand over leadership of the maker of Jeep SUVs and Fiat cars to an interim committee headed by Chairman John Elkann, the company said in a statement confirming a Bloomberg News report of Tavares’s resignation earlier Sunday. A new CEO will be named in the first half of 2025, the company said.