Current：Home > FinanceStruggling Jeep and Ram maker Stellantis is searching for an new CEO-DB Wealth Institute B2 Reviews & Ratings
Struggling Jeep and Ram maker Stellantis is searching for an new CEO
lotradecoin transaction processing speed View
Date：2024-12-25 14:31:02
DETROIT (AP) — Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s part of a normal leadership succession plan.
Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.
As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January of 2021 when it merged with Fiat Chrysler Automobiles. Its North American operations had been the company’s main source of profits, but have struggled this year amid larger market changes.
In a statement Monday, Stellantis said Tavares’ five-year contract is a little over a year from its expiration date in 2026.
“It is normal for a board to look into the subject with the necessary anticipation given the importance of the position, without this having an impact on future discussions,” the statement said.
The company added that it’s possible Tavares will stay on longer.
veryGood！ (1891)
Related
- 'Alien: Romulus' movie review: Familiar sci-fi squirms get a sheen of freshness
- Megan Rapinoe hobbles off the pitch after injury early in the final match of her career
- Mega Millions jackpot grows to $223 million. See winning numbers for Nov. 10.
- Which restaurants are open Thanksgiving 2023? See Starbucks, McDonald's, Cracker Barrel hours
- Rob Schneider seeks forgiveness from daughter Elle King after 'fat camp' claims
- Saints wide receiver Michael Thomas arrested, expected to play vs. Vikings
- Canadian jury finds fashion mogul Nygard guilty of 4 sexual assault charges, acquits him on 2 counts
- Must-Have Items That Will Make It Look Like A Professional Organized Your Closet
- Infamous LA officer’s gun found in $1 million watch robbery case
- Biden to meet with Chinese President Xi Jinping Nov. 15 in San Francisco Bay area
Ranking
- Millions of kids are still skipping school. Could the answer be recess — and a little cash?
- Mexico’s ruling party names gubernatorial candidates, but questions remain about unity
- Kendra Wilkinson Full of Gratitude After Undergoing Treatment for Depression and Anxiety
- Savannah Chrisley Explains Why Dad Todd Chrisley Is Very Against Meeting Her New Boyfriend
- US Army intelligence analyst pleads guilty to selling military secrets to China
- Stock tips from TikTok? The platform brims with financial advice, good and bad
- What's shocking about Texas A&M paying Jimbo Fisher $77M to go away? How normal it seems
- A veteran donated land to build a military cemetery – and his brother became the first veteran to be buried there
Recommendation
US shoppers sharply boosted spending at retailers in July despite higher prices
This Week in Nairobi, Nations Gather for a Third Round of Talks on an International Plastics Treaty, Focusing on Its Scope and Ambition
E-readers listen up! If you regret your choice, here's how to return an Audible book.
Constitutional challenge to Georgia voting machines set for trial early next year
What Conservation Coalitions Have Learned from an Aspen Tree
What the Global South could teach rich countries about health care — if they'd listen
Big Ten's punishment for Jim Harbaugh and Michigan isn't all that bad
Fantasy football waiver wire Week 11 adds: 5 players you need to consider picking up now