03:05 PM EDT, 10/09/2024 (MT Newswires) -- (Updates with the company's response in the third paragraph.)

Stellantis ( STLA ) Chief Executive Officer Carlos Tavares is planning a major reshuffle of the management team, Bloomberg reported Wednesday, citing people familiar with the situation.

The CEO may present his plan at a board meeting this week in the US, and cuts may affect finance teams, regional heads and brand executives, Bloomberg reported.

In response to a request from MT Newswires, a Stellantis ( STLA ) spokesperson said the company has no comment to make.

(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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