Stellantis shares fell sharply after the unexpected resignation of CEO Carlos Tavares.

The resignation of Carlos Tavares led to an 8.47% fall in Stellantis shares on the Milan stock exchange. The decision was prompted by divergent opinions that had emerged in recent weeks. They led to the unanimous resignation of the board of directors. The process to appoint a new permanent CEO is ongoing and will be finalized in the first half of 2025.