Exclusive: 'Radical' targets toppled Tavares at Stellantis, sources say
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Carlos Tavares, CEO of Stellantis, was unexpectedly removed from his position due to board members' concerns over his 'radical' targets, which were seen as unrealistic or destructive. This decision comes just a month after he received full backing from the board.
December 04, 2024 | 12:45 pm
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Stellantis CEO Carlos Tavares was removed due to board concerns over his ambitious targets, which could impact the company's strategic direction and investor confidence.
The sudden removal of CEO Carlos Tavares due to disagreements over strategic targets suggests potential instability in Stellantis' leadership and strategic direction. This could lead to short-term negative sentiment among investors, affecting the stock price.
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