Stellantis starts search for Tavares successor

Stellantis chairman John Elkann has started a search for CEO Carlos Tavares’ successor. His contract runs out in early 2026. Stellantis said it was “normal to initiate a search” and it was possible Tavares could stay after that. Pressure on Tavares is increasing and Elkann is reportedly increasingly dissatisfied with the situation in North America, where sales have been slowing. Earlier in September, frustrated retailers wrote a remarkable open letter to Tavares, accusing him of “short-term decision making”.