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5-day change | 1st Jan Change | ||
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| 01-10 | European indexes in the red; up Leonardo, down Iveco | AN |
| 01-10 | Stellantis reaches goal of cutting U.S. inventories by 100,000 units | RE |
Speculation has been circulating in the media since yesterday about a severance payment of around 100 million euros.
"Stellantis denies the figures reported in the media on the financial terms of Carlos Tavares' resignation, which are highly inaccurate and far removed from reality," a note said.
The automaker adds that, according to its policy, it does not provide details of the resignations of its employees, including executives.
(Cristina Carlevaro, editing Claudia Cristoferi)
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| 12.28EUR | -1.14% | +0.79% | 34.45B | ||
| 12.28EUR | 0.00% | +0.82% | 34.45B | ||
Carlos Tavares is a Portuguese businessperson who has been at the head of 7 different companies and holds the position of Chief Executive Officer & Executive Director at Stellantis NV and Chairman at Peugeot Citroën Automobiles SA (a subsidiary of Stellantis NV). Mr. Tavares is also on the board of Airbus SE and Airbus Holding SA and Chairman at Fondation PSA Peugeot Citroën. Mr. Tavares previously held the position of President of European Automobile Manufacturers Association, Chief Operating Officer of Renault SA, Director at Nissan Motor Co., Ltd. and Chairman & President for Nissan North America, Inc. (a subsidiary of Nissan Motor Co., Ltd.), General Manager-Micro Enterprise at Bed & Breakfast Association of Kentucky, Member-Managing Board at Renault-Nissan-Mitsubishi Alliance, Chairman-Supervisory Board at Opel Automobile GmbH and Chairman-Management Board at Peugeot SA. Mr. Tavares received an undergraduate degree from École Centrale Paris.
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