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Stellantis CEO Carlos Tavares Resigns

File photo - Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies, John Elkann, Stellantis Chairman, and Carlos Tavares, CEO of Stellantis, attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year. The company said it would seek to find a replacement CEO in the first half of 2025. Senior Independent Director Henri de Castries said in a statement that different views emerged in recent weeks among major shareholders, the board and Tavares resulting in the CEO's resignation. Photo by Raphael Lafargue/ABACAPRESS.COM

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Stellantis CEO Carlos Tavares Resigns

File photo - Yann Vincent, CEO of ACC, Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies, John Elkann, Stellantis Chairman, and Carlos Tavares, CEO of Stellantis, attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year. The company said it would seek to find a replacement CEO in the first half of 2025. Senior Independent Director Henri de Castries said in a statement that different views emerged in recent weeks among major shareholders, the board and Tavares resulting in the CEO's resignation. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

President of the region Haut de France Xavier Bertrand leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

President of the region Haut de France Xavier Bertrand leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Minister for Energy Transition Agnes Pannier-Runacher, French Finance Minister Bruno Le Maire and Yann Vincent, CEO of ACC next to Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire speaks to the press at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire and Yann Vincent, CEO of ACC next to Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Italian Minister of Economic Development Adolfo Urso speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire, Ola Kallenius, CEO of Mercedes-Benz at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire and Yann Vincent, CEO of ACC next to Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire leaves the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes after its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire speaks to the press at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance Minister Bruno Le Maire, Patrick Pouyanne, CEO of TotalEnergies unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Minister for Energy Transition Agnes Pannier-Runacher, French Finance Minister Bruno Le Maire and Yann Vincent, CEO of ACC next to Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Minister for Energy Transition Agnes Pannier-Runacher, French Finance Minister Bruno Le Maire and Yann Vincent, CEO of ACC next to Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Minister for Energy Transition Agnes Pannier-Runacher, French Finance Minister Bruno Le Maire and Yann Vincent, CEO of ACC, unveil the inaugural plaque of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Minister for the Energy Transition Agnes Pannier Runacher speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

German minister Volker Wissing speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Yann Vincent, CEO of ACC attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Italian Minister of Economic Development Adolfo Urso speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Italian Minister of Economic Development Adolfo Urso speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

French Finance and Economy Minister Bruno Le Maire speaks during the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

President of the region Haut de France Xavier Bertrand at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Yann Vincent, CEO of ACC attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies and Carlos Tavares, CEO of Stellantis at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Yann Vincent, CEO of ACC, Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies, John Elkann, Stellantis Chairman, and Carlos Tavares, CEO of Stellantis, attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies, John Elkann, Stellantis Chairman, and Carlos Tavares, CEO of Stellantis, attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies, John Elkann, Stellantis Chairman, and Carlos Tavares, CEO of Stellantis, attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies speaks to French Minister for the Energy Transition Agnes Pannier Runacher at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Yann Vincent, CEO of ACC, Ola Kallenius, CEO of Mercedes-Benz, Patrick Pouyanne, CEO of TotalEnergies, John Elkann, Stellantis Chairman, and Carlos Tavares, CEO of Stellantis, attend the inauguration of the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies speaks to French Minister for the Energy Transition Agnes Pannier Runacher at the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM

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Inauguration of the ACC gigafactory - Billy-Berclau

Patrick Pouyanne, CEO of TotalEnergies on the phone as he visits the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. Photo by Raphael Lafargue/ABACAPRESS.COM