Stellantis CEO Tavares says retirement 'option' for 2026
The Peninsula
Sochaux, France: Stellantis CEO Carlos Tavares said Thursday he may retire in January 2026, at the end of his first mandate at the US French Italian a...
Sochaux, France: Stellantis CEO Carlos Tavares said Thursday he may retire in January 2026, at the end of his first mandate at the US-French-Italian auto group whose brands include Jeep, Fiat and Peugeot.
The company, which sharply lowered its 2024 profit outlook on Monday following a series of record quarterly earnings, launched a succession process in September.
"In 2026, the person sitting answering you will be 68 years old -- that's a reasonable age to retire. It's an option," Portugal-born Tavares told reporters at the historic Peugeot factory in Sochaux, eastern France.
"If you ask my wife she'll say that is a demand on her part. I am a good spouse," added Tavares, who contributed to the merger of the Peugeot-Citroen and Fiat-Chrysler groups in 2021.
A board meeting is due to address the succession subject later this month at the group's US headquarters in Auburn Hills, outside Detroit.
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