Stellantis is on the search for a successor to Carlos Tavares, but the automaker has no immediate plans to drop him.
contract is set to expire in early 2026Stellantis told the news agency that it was normal procedure to initiate a search for a successor to Tavares in anticipation of his contract expiring, and that it remained possible that Tavares, 66, will stay in the top job.
Tavares has served as CEO of Stellantis since the company was formed in 2021 following the merger of Fiat Chrysler Automobiles and France's PSA Group. He managed to make some efficiency improvements across the company's 14 brands shortly after the merger, but he has come under fire this year with Stellantis in July reporting a decline ofThe decline was mostly due to falling sales in the U.S., where dealers are also angered by some of the strategies Tavares has been executing.
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