Until a new CEO is hired, the company will be led by an interim executive committee chaired by John Elkann. Elkann, the great-great-grandson of Fiat founder Giovanni Agnelli, is Stellantis's chairman and the CEO of the automaker's largest shareholder, the Agnelli family investment vehicle Exor NV.

Stellantis stock lost a further 6% Monday. Despite the challenges, Stellantis’s board had given Tavares its unanimous backing to turn the automaker around as recently as October. Since then, his renewed pursuit of cost savings and other efficiencies inflamed already fractious relations with dealers,

Stellantis CEO Carlos Tavares abruptly announced his resignation on Sunday after leading the car giant for four years. Its board is already looking for his permanent replacement.

Stellantis CEO Carlos Tavares is out at the company, effective immediately and a year earlier than his planned exit, the automaker announced Sunday.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

The abrupt resignation of Stellantis CEO Carlos Tavares sent shares in the world's No. 4 carmaker to more than two-year lows on Monday as investors questioned its turn-around plans. Tavares' exit leaves a void at the top of the company as management scrambles to address overcapacity and bloated inventory in the U.

Stellantis’ board on Sunday announced the auto maker’s CEO was departing. The company expects to name a replacement in the first half of 2025.