Therefore, Carlos Tavares will leave Stellantis. The car manufacturer, which operates and markets fifteen brands, including Citroën, Peugeot, Fiat, Chrysler and Jeep, announced on the night of Thursday, October 10 to Friday, October 11, the retirement of its boss at the beginning of 2026.
Stellantis clarified in a press release that “the process of identifying the successor” since the end of his term in January 2026, it has now been formally launched. It was entrusted to a special committee of the board of directors chaired by John Elkann, representative of the Agnelli family, the group’s largest shareholder, which should complete its work in the fourth quarter of 2025.
The Franco-Italian-American group also announces “specific organizational changes that take effect immediately within your management team”. Stellantis claims to want this “simplify and improve your organization’s performance in a turbulent global environment”. Doug Ostermann, until now director of operations in China, is appointed chief financial officer, replacing Natalie Knight. The latter, Stellantis specifies, will leave the group.
It is, the press release continues, “refocus the company on its main operational priorities and decisively face the global challenges facing the automotive sector”.
68 years old, “a reasonable age to retire”
The Franco-Portuguese boss stated a few days ago, during a visit to the historic Peugeot factory in Sochaux, that he could retire in January 2026. “In 2026, the person who answers you will be 68 years old, which is a reasonable age to retire. This is the option »he told reporters.
Stellantis was formed from the 2021 merger of Peugeot-Citroën and Fiat-Chrysler. In electronic trading after the markets closed, Stellantis shares rose 0.36% on the New York Stock Exchange.
