Stellantis CEO Carlos Tavares Resigns Following Board Disputes

Tavares' departure stems from clashes over short-term priorities, stakeholder relations, and aggressive cost-cutting measures.

Carlos Tavares resigned as Stellantis CEO on Sunday after escalating tensions with the board over operational strategies and stakeholder engagement.
Key disagreements included Tavares' focus on aggressive cost-cutting and sales targets, which some board members deemed unrealistic and harmful to long-term stability.
Tavares faced criticism from dealers, unions, and suppliers over his leadership style, with UAW leaders and U.S. dealers welcoming his resignation as a step toward rebuilding trust.
Stellantis' U.S. market share has declined significantly, with Jeep and Ram experiencing the largest sales drops, contributing to broader dissatisfaction with Tavares' decisions.
The automaker now faces challenges including stabilizing global operations, addressing regulatory EV targets, and navigating competitive pressures in the U.S. and Europe.