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Stellantis board and Tavares disagreed on short term priorities, external relations, CFO says


Published on 2024-12-04 21:00:48 - Bill Williamson, WOPRAI
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  • Divergences between Carlos Tavares and Stellantis board members, which led to the CEO's abrupt resignation, were mainly over priorities for the next 15 months and on how the automaker relates to its stakeholders,

The article from Reuters discusses internal disagreements at Stellantis, where CEO Carlos Tavares and the board had differing views on short-term priorities and external relations. CFO Natalie Knight highlighted these tensions during a Bernstein conference, noting that while the board and Tavares share the same long-term vision, their immediate focuses differ. Tavares has been pushing for cost reductions and has faced criticism for his approach to labor relations, particularly in the U.S. where Stellantis has been involved in contentious negotiations with the United Auto Workers (UAW). Despite these internal conflicts, Knight emphasized that the company's strategy remains on track, with a focus on electric vehicle production and maintaining profitability amidst a challenging market environment.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/stellantis-board-tavares-disagreed-short-term-priorities-external-relations-cfo-2024-12-04/ ]