Stellantis CEO announces his retirement after a mysterious series of leadership changes at the company

Stellantis has had a difficult year when it comes to getting people interested in its cars. Unfortunately, not only were vehicle sales low, but there were also several car recalls. Naturally, many blame the current CEO, Carlos Tavares. Now, he has announced his retirement plans and the struggling company is moving forward in its search for new leadership. This comes at a time when several high-level executives have already left Stellantis.

There may be hope for Stellantis and its growing car inventory

Stellantis and its cars have been heavily scrutinized for their low sales. The same goes for the numerous car recalls that question the long-term reliability of the auto giant’s options. However, the current CEO, Carlos Tavares, has also been heavily criticized. Of course, much of the negative discussion revolves around the recent layoffs.

Now, there may be hope for Stellantis and its cars, at least for people who believe Carlos has steered the company in the wrong direction. According to Reuters, the automaker announced on October 10 that Carlos would retire in 2026. Of course, this is also when his contract ends. He had previously stated that he was considering extending his time at the company beyond the current parameters of his contract.

Who will replace Carlos and hopefully lead the company to a more stable position in the auto industry? This is currently up in the air as Stellantis hopes to name his replacement near the end of 2025. Notably, the powers that be are already searching for the next CEO as it is known that his contract would expire soon.

As mentioned, this news comes after Stellantis and its many cars continue to struggle against the competition. In fact, it was recently announced that the company has lowered its profit outlook for this year. Additionally, Stellantis faced intense pressure from labor unions due to layoffs and factory closures.

Notably, there has been a mysterious trend of departures from the company regarding top-level leadership. To read more about the mass exodus of executives, read this recent article by my colleague Henry Cesari.