Stellantis CEO Mulls Exiting After Contract Ends in 2026
Carlos Tavares Is Under Pressure as Sales Slump
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In his first public comments since Stellantis NV confirmed it had started searching for his successor, CEO Carlos Tavares signaled he’s open to leaving the automaker just over a year from now.
Leaving when his contract expires in early 2026 is “one option,” Tavares told reporters Oct. 3 at a press conference in Sochaux, France.
When asked whether he may step down before then, Tavares, 66, responded: “I signed a contract.”
Tavares is under pressure amid slumping sales in North America, delayed new-model introduction in Europe and the threat of labor union strikes in the U.S. and Italy.
The setbacks have coincided with a broader industry slowdown in demand for electric vehicles, culminating in Stellantis slashing its earnings forecasts early this week.
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