Stellantis implements leadership shakeup after Tavares exit

Stellantis is undergoing a significant management restructuring following the departure of CEO Carlos Tavares in December. The automaker appointed new leaders for major brands, including Bob Broderdorf for Jeep and Alain Favey for Peugeot, as it aims to enhance local decision-making and operational efficiency. The resignation of Chief Software Officer Yves Bonnefont and Peugeot CEO Linda Jackson indicates a broader intent to reset the company's strategy amid declining sales. Chairman John Elkann is overseeing the transition, which includes merging software and engineering departments under Chief Engineering Officer Ned Curic. The company is expected to finalize the CEO selection process by the middle of 2025, while also ramping up investments in key markets. However, the stock prices have reacted negatively to the changes, reflecting investor concerns over the ongoing leadership instability.