Stellantis and Intel heads resign, adding to record-breaking CEO step-downs this year
A record number of CEOs have left their roles in 2024, according to an analysis by a career transitioning firm. Stellantis and Intel's CEOs contributed to the trend this week as the companies face declining stock prices.
Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
The auto industry is battling slowing EV demand, rising Chinese competition, and potential tariffs on Mexican imports.
Auto industry experts, employees react to Stellantis CEO Carlos Tavares resigning
Company officials say a board committee is leading the search for a new CEO, and that the search is expected to be completed within the first half of 2025.
Stellantis Stock Slides After CEO Steps Down
Shares in the maker of Chryslers and Jeeps slid in Europe after Chief Executive Carlos Tavares stepped down with immediate effect. Find out more:
Stellantis CEO Carlos Tavares resigns from struggling carmaker
Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.
Stellantis CEO resigns over company struggles
A major shakeup in the auto industry after CEO of Stellantis announced that he is resigning. Stellantis makes Chrysler, Jeep, Fiat, and Peugeot among other auto brands.
Intel and Stellantis add to record high CEO exits in 2024
There has been a record number of CEO departures year-to-date in 2024, according to data from Challenger, Gray, and Christmas ...
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery ...
These Stocks Moved the Most Today: Super Micro, Intel, Tesla, Stellantis, Upstart, Gap, Norwegian, and More
Stocks were mostly higher on Monday, kicking off December after both the S&P 500 and the Dow Jones Industrial Average ...
Intel CEO’s Departure Latest in List of Top Jobs Vacated in 2024
Leadership changes at large publicly traded companies from Boeing to Starbucks were a feature of the corporate landscape in a ...
December Stock News On Stellantis, Intel, and More
December 2024 stock markets opened with a pair of firms announcing executive leadership changes. Stellantis (STLA) CEO Carlos ...
ASX set to rise, Wall Street mixed; Intel, Stellantis CEOs stand down
Intel rose 4.6 per cent after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is ...
Stocks to Watch Monday: Stellantis, Tesla, Intel, Super Micro
Shares in the carmaker, which makes Chryslers and Jeeps, tumbled over 8% in Milan after Chief Executive Carlos Tavares [stepped down]( ...
Stellantis credit rating under review on weak performance, DBRS Morningstar says
Stellantis' credit rating is under review by DBRS Morningstar due to its weaker than expected operating performance so far this year, the ratings agency said on Tuesday.