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MarketBeat
MarketBeat
Chris Markoch

Stellantis Stock Falls as CEO Departs: What Investors Should Know

Stellantis Carlos Tavares STLA FIAT

Stellantis N.V. (NYSE: STLA) stock is down over 2% after the announcement that chief executive officer (CEO) Carlos Tavares was resigning, effective immediately. The company says a search is ongoing, and a new CEO is expected to be announced in the first half of 2025. In the interim, an executive committee will run the parent company for brands such as Chrysler, Jeep, Fiat, and Peugeot.

However, investors know that Stellantis was a troubled stock before the announcement, down 43% in 2024. Even in a year where all the automotive stocks have been under pressure, this is a shockingly poor performance.  

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