Stellantis eyes new leadership amid US turnaround plan

Stellantis (STLAM.MI) is searching for CEO Carlos Tavares’ successor, the company has said, after the Chrysler parent laid out a plan to strengthen North America operations by slashing bloated inventories and cutting vehicle prices.

Stellantis said it was normal to initiate a search for Tavares’ replacement in anticipation of his contract expiring in January 2026, and it remained possible Tavares will stay after that.

Tavares, who has run Stellantis since its creation in early 2021...