Mexico City /
to the automotive Stellantiswhich was born in 2021 from the merger of Fiat Chrysler Automobiles (FCA) and Grupo PSA, things are not going well. The company’s sales are not rebounding, they are down 14 percent in the first half of the year, mainly due to lower demand in the United States, which is forcing the company to rethink its global strategy.
Right in this panorama, Carlos Tavares, who assumed the CEO position since the merger, is already thinking about retirement, Therefore, the company has already begun the natural succession plan.
Tavares wants to leave everything settled before leaving, but the situation of the market It is so complex that we don’t know if it will succeed.
Who is it?
He was born in Portugal and graduated from the École Centrale Paris in 1981.
According to the official Stellantis website, before leading the creation of the automotive company in January 2021, He was Chairman of the board of directors of PSA since March 2014after joining in January 2014.
Previously, He was Director of Operations renault from 2011 to 2013. He also served as Executive Vice President, Chairman of the Americas Steering Committee and President of nissan North America since 2009, after joining Nissan in 2004. Carlos began his career in 1981 at Renault, where he held various positions.
He was president of the Board of Directors of PSA since 2014, after having been COO of Renault and executive vice president at nissan.
Throughout his career, Tavares maintained a focus on efficiency and profitabilitywhich earned him praise in the early years after the merger of Fiat Chrysler and PSA.
in your hands
Stellantis under Tavares’ leadership focused on providing clean, safe and affordable mobility, with a rapid transition towards a mobility technology company.
The ambitious strategic plan Dare Forward 2030 reflects this approach, aiming to achieve net zero carbon emissions by 2038.
However, in recent months, the situation has changed drastically. The market in North Americawhich was traditionally one of the main sources of income for Stellantisis showing signs of weakness.
Sales of Chrysler, Jeep and Dodge brands fell significantly, which generated dissatisfaction in John Elkann, president of the company.
The board of directors began to explore the succession of Tavares, whose contract expires in 2026according to Bloomberg reports. This search was prompted by problems in North America and the departure of several executives from the region.
Despite this, Stellantis maintained that this process is part of normal planning.
S.G.
