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Carlos Tavares, who resigned abruptly as CEO of Stellantis on December 1, stated that his departure was the result of strategic differences with the company’s board. In an interview with the Portuguese newspaper Expresso, Tavares explained that the decision to part ways was mutually agreed upon with Stellantis Chairman John Elkann. However, he did not provide further details on the exact nature of the disagreements.

Sources close to the situation have revealed that Tavares’ exit was influenced by targets he set, which some board members viewed as unrealistic or potentially damaging to the company. Tavares emphasized that his primary concern was to protect the company and prevent any misalignment, which could pose a risk to strategic management.

He noted, «A company with 250,000 employees, revenues of €190 billion, and 15 brands globally cannot be managed without alignment, as it would immediately affect strategic management.»

Despite the circumstances of his exit, Tavares expressed no regret, stating, «No, not at all,» and added that he would act the same way if given the chance to go back in time. His tenure had been under increasing scrutiny after Stellantis issued a profit warning in September, following poor sales in North America.

Tavares, once regarded as one of the most respected figures in the automotive industry, acknowledged that his leadership had led to Stellantis pricing itself out of markets in the U.S. and Europe. Looking ahead, he described the current moment in the industry as a «Darwinian» period, urging companies to adapt to challenges rather than dwell on the best strategies to face them. «When you’re facing a storm, you have to steer the boat according to the waves,» he said.

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