Stellantis CEO Carlos Tavares to Retire in 2026

Stellantis has confirmed that CEO Carlos Tavares will retire at the end of his contract in early 2026, amidst significant leadership changes aimed at addressing the company's declining performance, particularly in North America. The company has faced a 45% drop in share price this year, leading to a cut in its profit forecast and concerns over its traditional profit centers like Jeep and Ram trucks. Alongside Tavares' retirement announcement, Stellantis has appointed Doug Ostermann as the new CFO, replacing Natalie Knight, and Antonio Filosa will take on the role of North America COO while maintaining his position at Jeep. Additionally, Santo Ficili has been named CEO of both Maserati and Alfa Romeo, seeking to revitalize these brands. The automaker is currently in the process of searching for Tavares' successor, with plans to announce a new CEO by late 2025. Analysts have expressed concerns over Stellantis' management decisions and its slow transition to electric vehicles, which have contributed to its current struggles.