Stellantis is shaking up its leadership. The institution announced today that CEO Carlos Tavares will discontinue astatine the extremity of his statement successful 2026, and a big of different executives are being astir being shuffled astir immediately. The changes travel arsenic Stellantis struggles to negociate its US car business, which includes Chrysler, Jeep, Dodge, and Ram. The institution is actively looking for Tavares’ successor.
On his measurement out, the executive shakeup includes replacing the existent CFO, Natalie Knight, and North American COO, Carlos Zarlenga, pinch the company’s China COO, Doug Ostermann, and the Jeep marque CEO, Antonio Filosa, respectively. Knight is leaving the company, Filosa will support his domiciled astatine Jeep successful summation to becoming North American COO, and Zarlenga’s caller position will beryllium announced later.
Tavares has led Stellantis since the company’s inception successful 2021, which resulted from a merger betwixt Fiat Chrysler and Peugeot S.A. While the institution was profitable successful 2023, it’s been slow to adopt electrical vehicles compared to almost each different automaker, and prices of celebrated models nether Jeep and Ram started to skyrocket.
Now Stellantis has trim its profit forecast for the year, and its banal is falling. The automaker is accused by its dealership partners of degrading its American brands, slowing timelines betwixt products, and not releasing affordable vehicles.
The United Auto Workers national besides accuses Stellantis of not upholding statement commitments. Reuters asked UAW for comment, and a typical sent them a image of Tavares successful a trashcan. UAW workers had gone connected onslaught past year.
Meanwhile, Michigan’s politician is successful interaction pinch Tavares to support Stellantis’ North American office successful the state arsenic the institution threatens to leave. The automaker precocious announced it's retooling its Michigan plants and teased a caller (presumably much affordable) Jeep Compass.