Carlos Tavares Ousted Due To Controversial Plans To Save Stellantis

Goals deemed unrealistic or damaging by some Stellantis board members triggered the sudden downfall of Ceo Carlos Tavares just a month after receiving full support.

Two sources familiar with the matter told Reuters.

 

According to the sources, the Stellantis board of directors, dissatisfied with Tavares' aggressive sales and cost-cutting goals and conflicting relationships with suppliers, dealers, and unions, unanimously wanted the Ceo to resign.

 

"In November something broke," said one of the sources.