Headline: UNCAPTIONED: Stellantis CEO Departs Following Leadership Clash
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Stellantis CEO Departs Following Leadership Clash. Carlos Tavares, the CEO of Stellantis, has resigned effective immediately after a disagreement with the board. Stellantis, which owns major brands like Vauxhall, Fiat, and Jeep had recently issued a profit warning and announced the closure of its Vauxhall van factory in Luton, putting 1,100 jobs at risk. Henri de Castries, Stellantis’ senior director, stated that differences in leadership views led to the decision Known for his sharp cost-cutting strategies, Tavares had revitalized the struggling PSA Group before overseeing its merger with Fiat Chrysler to establish Stellantis in 2021. His departure leaves a significant void in the global automotive industry.
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