The reign of Carlos Tavares at Stellantis is over. Once hailed as the very best manager the legacy car industry had to offer, the embattled CEO resigned Sunday, taking responsibility for a rapid and stunning decline at the Jeep and Ram parent company.
Taking his place, for now, will be board chairman and Fiat heir John Elkann. In a statement about Tavares’s resignation, Stellantis said it has tasked the billionaire scion effective immediately with running a newly formed interim executive committee on top of his governance and oversight duties until a successor can be found.
