Stellantis dips after CEO Carlos Tavares to retire in 2026
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FILE PHOTO: Stellantis CEO Carlos Tavares inaugurates the group's electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy, April 10,2024. REUTERS/Massimo Pinca/File Photo
(Reuters) - Milan-listed shares in Stellantis slipped around 1% on Friday after the carmaker confirmed the retirement of CEO Carlos Tavares in 2026 and announced major senior management changes.
Paris-listed shares were also down around 1% following the news.
Including Friday's move the Milan-listed stock has dropped by 43% year-to-date.
(Reporting by Romolo Tosiani; editing by David Evans)
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