Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly "different views" between the executive and the board of directors.

Stellantis' Board of Directors, chaired by John Elkann, quickly accepted the Chief Executive Officer's sudden resignation announced on December 1

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Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.

Stellantis Chief Executive Carlos Tavares has resigned, the automaker said on Sunday, adding it aimed to find a new head in the first half of 2025.

Stellantis chief Carlos Tavares has resigned amid reports of disagreements over strategy at the carmaker. In October the firm had outlined a departure plan for its CEO which said he would retire at the end of his CEO term in early 2026. However, the company said in a statement that the board had accepted his resignation with immediate effect.

Carlos Tavares is out as Stellantis CEO following disagreements with the company’s board of directors. A successor is expected to be named early next year but, in the meantime, the company will be lead by an interim executive committee headed by John Elkann.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors.

(Reuters) -Paris-listed shares in Stellantis slumped by over 7% on Monday after chief executive Carlos Tavares resigned abruptly on Sunday. Stellantis said it would seek to find a replacement CEO in the first half of 2025 and would establish a new interim executive committee helmed by Chairman John Elkann.