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

Stellantis, the maker of Jeep, Fiat and Puegeot, announced on Sunday that CEO Carlos Tavares has resigned.

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

Carlos Tavares has resigned as CEO of Stellantis. Filling the void in his absence is an interim executive committee chaired by John Elkann, according to Stellantis. The company says it will appoint a new chief executive in the first half of 2025.

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.

MILAN/DETROIT, Dec 1 (Reuters) - Stellantis (STLAM.MI) Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.

Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing US business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday.

Carlos Tavares abruptly resigned on Sunday as CEO of Stellantis , two months after a profit warning, and the carmaker said it would seek to appoint a permanent successor in the first half of next year.