Stellantis CEO Tavares to retire in 2026 amid auto industry 'Darwinian period'

11 Oct 2024, 13:15 by Doug Cunningham · UPI

Oct. 11 (UPI) -- Stellantis said Friday CEO Carlos Tavares will retire in early 2026 as the struggling company announced what it called targeted management changes in a turbulent global environment for the auto industry.

A Special Committee of the Board is working to find a successor for Tavares. Stellantis said the committee will complete that work by the fourth quarter of 2025.