Stellantis board and Tavares disagreed on short term priorities, external relations, CFO says

MILAN (Reuters) – Divergences between Carlos Tavares and Stellantis (NYSE:STLA) board members, which led to the CEO’s abrupt resignation, were mainly over priorities for the next 15 months and on how the automaker relates to its stakeholders, finance chief Doug Ostermann said on Wednesday.

© Reuters. FILE PHOTO: Carlos Tavares, Chief Executive Officer of Stellantis, speaks at the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. REUTERS/Benoit Tessier/File Photo

The automaker, however, saw no major changes to its term strategy, including its choice to develop multi-energy platforms, that can support vehicles with different kind of propulsion.

Ostermann is speaking at a Goldman Sachs virtual conference, in first public remarks by a Stellantis top executive after former CEO Carlos Tavares abruptly resigned on Sunday.

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