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Former Stellantis CEO Tavares' pay package fell 37% to $24 million in 2024
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Former Stellantis CEO Tavares' pay package fell 37% to $24 million in 2024
Feb 27, 2025 2:59 PM

DETROIT, Feb 27 (Reuters) - Carlos Tavares, the former

CEO of global automaker Stellantis ( STLA ) saw his total pay

fall 37% last year to 23 million euros ($23.91 million) before

he unexpectedly resigned in December.

Tavares clashed with the Chrysler and Fiat owner's board

over his near-term focus on cutting costs, rather than keeping

an eye on broader goals. His aggressive pricing strategy

contributed to slipping U.S. sales, which the automaker is still

trying to claw back.

Stellantis ( STLA ) this week gave a cautious outlook for 2025.

As the company's chairman John Elkann interviews CEO

candidates, deciding how many of the automaker's 14 brands have

a viable future is a significant priority.

($1 = 0.9619 euros)

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