Stellantis Announces Carlos Tavares' Resignation As CEO

Stellantis CEO Carlos Tavares resigned. (Doc. Stellantis)

JAKARTA - The parent company of multinational automotives through the merger between Fiat Chrysler Automobiles and PSA Group, Stellantis announced that the Board of Directors had accepted Carlos Tavares' resignation from his post as Chief Executive Officer (CEO) on December 1, 2024. This move was effective soon, with the leadership transition to be guided by the Interim Executive Committee chaired by Stellantis Board of Directors John Elkann.

Carlos Tavares, who is now 66 years old, has led the 14-brand automotive giant since its formation in 2021, having previously led the PSA Group for seven years.

In a global press release, quoted December 2, it is said that the search for a new permanent CEO is currently underway and managed by the Council's Special Committee. Stellantis targets to complete this process in the first half of 2025. During this transition period, the company ensures that the long-term strategy continues, with full support from all employees and stakeholders.

Stellantis' Senior Independent Director, Henri de Castries, commented on this decision by stating that the company's success since its formation is based on perfect alignment between shareholders, boards and CEOs. However, the differences in views that have emerged in recent weeks have led to a mutual agreement for this leadership change.

Chairman of the Stellantis Board of Directors John Elkann, in his statement, expressed his high appreciation to Carlos Tavares for his years of contributions, including his role in the formation of Stellantis and the successful transformation of PSA and Opel. Elkann also emphasized his commitment to working with the Interim Executive Committee to ensure the continuation of the company's strategy for the long-term interests of all stakeholders.

Selain itu, Stellantis juga menegaskan kembali panduan keuangan tahun 2024 yang telah dispresentasikan kepada komunitas keuangan pada 31 Oktober 2024. Langkah ini menunjukkan kepercayaan perusahaan terhadap stabilitas operasionalnya di tengah perubahan kepemimpinan.