03:49 AM EST, 12/02/2024 (MT Newswires) -- Stellantis ( STLA ) said Sunday that its board has accepted Chief Executive Carlos Tavares' resignation, effective immediately.

The company said its board has started the search process for a permanent CEO, which is expected to be completed in H1 2025.

Meanwhile, an interim executive committee chaired by Board Chairman John Elkann will take over.