Twist at the top of stellantis, the Italian-French automotive group into which the FiatThe automotive crisis, in which Stellantis saw sales literally collapse by 38% in the United States, has pushed the CEO, the Portuguese Carlos Olivares, to resign from office and the Board of Directors accepted his resignation.
It has been known for some time that Tavares' position was shaky, so much so that the search for his successor had already begun, but no one imagined that the earthquake was so imminent. It cannot be ruled out that Tavares's hastened resignation was also driven by personal problems, as Bloomberg claimed. In reality, the strategic disagreements that emerged in the board meeting between the Tavares line and that of the rest of the board were decisive.
Difficult days await Stellantis, chaired by John Elkann, starting from the test of MY BAG tomorrow morning. Then the search for Tavares' successor will begin because Stellantis certainly cannot remain without a leader for long in one of the most dramatic moments in the automotive industry. For now, Stellantis will be entrusted to a management committee chaired by Elkann while waiting to identify the new CEO, who will likely be there around spring.
