Stellantis should announce new CEO before end of H1 - Peugeot Invest Chairman

Peugeot Invest SA

20/05/2025 08:54

PARIS, May 20 (Reuters) - French-Italian carmaker Stellantis STLAM.MI plans to name a new chief executive before the end of the first half of the year, chairman of Peugeot Invest, Stellantis' second-largest shareholder said on Tuesday.

Robert Peugeot also told the annual shareholders meeting  that Stellantis' first half of 2025 would be difficult, a bit similar to the second half of 2024, and that measures were under way to help Stellantis recover.

Former Stellantis CEO Carlos Tavares abruptly left the company - maker of Jeep and Peugeot brand cars - in December following a dramatic plunge in sales and profit.

 (Reporting by Gilles Guillaume, Writing by Dominique Vidalon, Editing by Charlotte Van Campenhout)

 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters Messaging: dominique.vidalon.reuters.com@reuters.net))