Stellantis' shares drop after Carlos Tavares' sudden exit as CEO

Core Viewpoint - Stellantis shares experienced a significant decline following the resignation of CEO Carlos Tavares amid a notable drop in sales [1] Group 1: Company Leadership Changes - CEO Carlos Tavares has stepped down from his position as head of Stellantis, which is Europe's second largest car manufacturer [1] - The board of Stellantis accepted Tavares' resignation with immediate effect and plans to recruit a new CEO by the first half of 2025 [1] Group 2: Sales Performance - The resignation comes in the context of a major slump in sales for Stellantis, particularly affecting its Jeep and Renault brands [1]