Stellantis Announces Leadership Change: CEO Carlos Tavares to Retire in 2026

Automotive giant Stellantis officially confirmed on Thursday that CEO Carlos Tavares will retire at the end of his contract in early 2026. This announcement comes at a time when the company is taking decisive steps to revitalize its struggling business in North America. In addition to announcing Tavares' departure, comprehensive changes at the top management level are imminent. These measures aim to advance the strategic realignment and further strengthen Stellantis' market position, particularly in the United States. The upheaval at Chrysler's parent company marks a pivotal moment for the firm, which is ambitiously tackling challenges in the fiercely competitive automotive sector. The upcoming personnel restructurings are eagerly anticipated and are expected to bring fresh impetus to the transatlantic activities.