Breaking News: Stellantis May be Working on Successor to Carlos Tavares as CEO
Paris, France – March 10, 2023 – In a sudden and unexpected development, Stellantis, the parent company of Jeep, Peugeot, Citroën, and Fiat, is reportedly working on a succession plan for its current CEO, Carlos Tavares.
According to sources close to the company, the automaker is considering potential successors to Tavares, who has been at the helm of Stellantis since the company’s merger with Fiat Chrysler Automobiles (FCA) and Peugeot SA (PSA) in 2021.
The news has sent shockwaves through the automotive industry, with investors and analysts speculating about the reasons behind the decision.
Tavares has been instrumental in shaping Stellantis’ strategy, having played a key role in the company’s integration following the merger. His departure would be a significant change for the company, particularly given the challenges the automotive industry is facing due to the ongoing semiconductor shortage, trade tensions, and evolving consumer preferences.
Potential candidates to succeed Tavares include Stellantis’ Chief Operating Officer, Pamela Fletcher, and Renault CEO, Luca de Meo, although neither of them has been officially mentioned as a replacement.
As Stellantis continues to navigate the rapidly changing landscape of the automotive industry, a smooth transition to a new CEO could be crucial for the company’s continued success.
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The rumors are out about what to do when Carlos Tavares's contract is up in 2026. David Zatz of StellPower with sourcing from Automotive News reports.
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