Stellantis Begins CEO Search as Tavares Plans 2026 Retirement

Stellantis N.V., based in the United States, is currently navigating a critical transition as it prepares for the retirement of CEO Carlos Tavares, scheduled for early 2026. The company has initiated a search for Tavares's successor, led by a Special Committee of the Board chaired by John Elkann, with the goal of concluding this process by the fourth quarter of 2025. This leadership change comes at a time when the automotive industry faces significant challenges, prompting Stellantis to adapt its strategy and management structure. In conjunction with the CEO search, Stellantis has announced several key management appointments. Doug Ostermann has been appointed as the new Chief Financial Officer, succeeding Natalie Knight, who is leaving the company. Other notable appointments include Antonio Filosa as North America Chief Operating Officer and Jean-Philippe Imparato as Chief Operating Officer for Enlarged Europe. These changes are part of a broader effort to streamline operations and enhance the company's competitive position. Carlos Tavares emphasized the importance of these changes, stating that the company must adapt quickly to the evolving automotive landscape. The newly appointed leaders are expected to contribute significantly to Stellantis's transformation into a preferred mobility technology company. Additionally, Stellantis has faced operational challenges, including a recent recall of over 129,000 Ram 1500 vehicles and a lowered operating margin outlook for 2024. These factors underscore the urgency of the leadership changes as the company seeks to restore its performance to industry-leading levels.