'Stellantis Starts Search for Tavares Successor as Pressure Rises' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Stellantis NV is searching for a successor to CEO Carlos Tavares, whose contract ends in 2026, amid rising pressure due to poor performance in key markets like the US.
September 23, 2024 | 6:32 pm
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Stellantis NV is actively searching for a new CEO to replace Carlos Tavares by 2026, driven by underperformance in key markets like the US.
The search for a new CEO indicates potential instability or strategic shifts within Stellantis, which could negatively impact investor confidence in the short term. The company's poor performance in the US, a major profit center, adds to the pressure, likely affecting stock prices.
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