Why Stellantis's CEO Is Out, and What That Means For the Stock
Stellantis(US:STLA) The Motley Fool·2024-12-02 21:05Carlos Tavares, architect of the merger that created Stellantis, has resigned.On Sunday, Stellantis (STLA -6.29%) announced that it had parted ways with CEO Carlos Tavares, who had led the company since it was formed in 2021 through the merger of Fiat Chrysler Automobiles and French automaker PSA Peugeot.Tavares sold the merger with promises that under his leadership, the combined company could generate double-digit-percentage operating margins year after year by cutting costs without cutting too many jobs. ...