Stellantis reshuffles leadership as CEO plans retirement in 2026

Stellantis has made significant changes to its leadership as it struggles with low sales and high inventory in the U.S. The company has replaced its CFO, Natalie Knight, with Doug Ostermann and announced new COOs for various regions. CEO Carlos Tavares, who has been in charge since 2021, will retire in 2026. The company is seeking a successor amid declining market share and a profit warning that has affected investor confidence. Stellantis has faced challenges in the U.S. due to rising prices and competition from cheaper electric vehicles. The company’s stock has dropped nearly 50% this year, prompting a reevaluation of its pricing strategy and market approach.