Market Chatter: Stellantis Former CEO Tavares Said Ousted Over Board Conflicts-March 2024-www.financetom.com

Market Chatter: Stellantis Former CEO Tavares Said Ousted Over Board Conflicts

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Market Chatter: Stellantis Former CEO Tavares Said Ousted Over Board Conflicts

Dec 4, 2024 6:14 AM

08:56 AM EST, 12/04/2024 (MT Newswires) -- Stellantis' ( STLA ) former Chief Executive Carlos Tavares was ousted by board members over unrealistic sales targets and job cuts, Reuters reported Wednesday.

The European automaker said Sunday that Tavares resigned, effective immediately, and that it has launched a search process for a successor.

Stellantis ( STLA ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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