Stellantis dips after CEO Carlos Tavares to retire in 2026
3:11 am Friday, October 11th, 2024
(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)
