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)