Carlos Tavares Out as Stellantis CEO

Posted on 2 December 2024 by Ken Zino
Ken Zino of AutoInformed.com on More Stellantis Startup Awards

A dare that went backwards.

Stellantis (NYSE: STLA ) in an unusual but not surprising Sunday release said that the Company’s Board of Directors, under the Chairmanship of John Elkann, has accepted Carlos Tavares’ resignation on 1 December 2024 as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief Executive Officer is well under way, as AutoInformed* previously reported, managed by a Special Committee of the Board. It will conclude within the first half of 2025. Until then, a new Interim Executive Committee, chaired by John Elkann, will be established.

“Stellantis’ success since its creation has been rooted in a perfect alignment between the reference shareholders, the Board and the CEO. However, in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today’s decision,” said Henri de Castries, Stellantis’ Senior Independent Director.

“Our thanks go to Carlos for his years of dedicated service and the role he has played in the creation of Stellantis, in addition to the previous turnarounds of PSA and Opel, setting us on the path to becoming a global leader in our industry. I look forward to working with our new Interim Executive Committee, supported by all our Stellantis colleagues, as we complete the process of appointing our new CEO. Together we will ensure the continued deployment of the Company’s strategy in the long-term interests of Stellantis and all of its stakeholders,” said Chairman John Elkann. Elkan is part of the Agnelli family, which founded Fiat. He is the largest shareholder in Stellantis, via his inheritance of the Agnelli  investment company Exor N.V. (EXO.AS).

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About Ken Zino

Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
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One Response to Carlos Tavares Out as Stellantis CEO

  1. Stellantis says:
    2 December 2024 at 1:52 pm

    Stellantis said today that The Interim Executive Committee (“IEC”) will be responsible for the direction and oversight of the Company on behalf of the Board of Directors. The IEC will be chaired by John ELKANN. The committee shall be made up of the Chairman together with the following executives whose responsibilities are as follows:

    • Xavier CHÉREAU: Human Resources and Heritage
    • Ned CURIC: Engineering and Technology, Software and Free2move
    • Arnaud DEBOEUF: Manufacturing and Supply Chain
    • Antonio FILOSA: America’s (North and South America) Regions, Chrysler, Dodge, Jeep®️, Ram, and the Design North America organization, including Maserati Design
    • Béatrice FOUCHER: Planning
    • Jean-Philippe IMPARATO: Enlarged Europe, Pro One, and Abarth, Alfa Romeo, Citroën, DS, FIAT, Lancia, Opel and Peugeot. The Design Europe organization will also report to this position
    • Douglas OSTERMANN: Finance
    • Maxime PICAT: Purchasing and Supplier Quality and the regions of Middle East & Africa, India & Asia Pacific, and China together with Leapmotor International
    • Philippe de ROVIRA: Affiliates

    In support of the IEC and reporting directly to the Chairman will be the following Executive Vice Presidents:
    • Bertrand BLAISE: Communications and CSR
    • Olivier BOURGES: Customer Experience
    • Giorgio FOSSATI: General Counsel
    • Santo FICILI: Maserati in addition to Alfa Romeo
    • Olivier FRANÇOIS: Marketing in addition to FIAT, Abarth and DS
    • Clara INGEN-HOUSZ: Public Affairs

    Richard PALMER is appointed as Special Adviser to the Chairman and will attend the IEC to act as a sounding board for the leadership team.

    Reply

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