financetom
Business
financetom
/
Business
/
Stellantis board and Tavares disagreed on short term priorities, external relations, CFO says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stellantis board and Tavares disagreed on short term priorities, external relations, CFO says
Dec 4, 2024 6:22 AM

MILAN (Reuters) - Divergences between Carlos Tavares and Stellantis ( STLA ) board members, which led to the CEO's abrupt resignation, were mainly over priorities for the next 15 months and on how the automaker relates to its stakeholders, finance chief Doug Ostermann said on Wednesday.

The automaker, however, saw no major changes to its term strategy, including its choice to develop multi-energy platforms, that can support vehicles with different kind of propulsion.

Ostermann is speaking at a Goldman Sachs virtual conference, in first public remarks by a Stellantis ( STLA ) top executive after former CEO Carlos Tavares abruptly resigned on Sunday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Polish eurosceptic Nawrocki wins presidential vote, electoral commission says
Polish eurosceptic Nawrocki wins presidential vote, electoral commission says
Jun 1, 2025
WARSAW, June 2 (Reuters) - Polish nationalist opposition candidate Karol Nawrocki won the second round of the country's presidential election with 50.89% of the votes, the electoral commission said early on Monday on its website. His rival, Rafal Trzaskowski, the liberal Warsaw mayor and an ally of the government led by Donald Tusk, got 49.11%. Nawrocki, 42, a eurosceptic historian...
HSBC to inject $4 billion into its private credit funds
HSBC to inject $4 billion into its private credit funds
Jun 1, 2025
LONDON (Reuters) -Europe's biggest bank HSBC ( HSBC ) will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC ( HSBC ) said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with the aim of...
HSBC to inject $4 billion into its private credit funds
HSBC to inject $4 billion into its private credit funds
Jun 1, 2025
LONDON, June 2 (Reuters) - Europe's biggest bank HSBC ( HSBC ) will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC ( HSBC ) said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with...
Holcim plans Amrize spin-off for June 23
Holcim plans Amrize spin-off for June 23
Jun 1, 2025
ZURICH, June 2 (Reuters) - Amrize, the North American construction ( NOA ) materials business being spun off by Holcim, will start trading its shares on the Swiss SIX Exchange and the New York Stock Exchange on June 23, the companies said on Monday. Approvals have been received for the 100% spin-off, with Holcim shareholders receiving one Amrize share for...
Copyright 2023-2025 - www.financetom.com All Rights Reserved