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Taveres Is Out at Stellantis

CaptainMike

CaptainMike

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We'll see where it goes from here....

www.foxbusiness.com

Stellantis CEO abruptly resigns amid differences with board

Stellantis CEO Carlos Tavares abruptly announced his resignation on Sunday after leading the car giant for four years. Its board is already looking for his permanent replacement.
www.foxbusiness.com www.foxbusiness.com
 
Top guy will always be blamed for terrible sales, regardless of whether or not he agreed with the pricing strategy. One person never is the "boss" of a publicly traded company -- the board has more power than most understand.

We'll see where we go from here!
 
Thewookie said:
So you’re pissing and moaning about the guy pointing out the ****ty build quality, incessant recalls, and ridiculous US price hikes? Sounds like a plan.
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No, I am pissing and moaning about the guy who leads and decides how his company does business. That includes laying off all the development staff and engineers while the crap Uconnect systems are still broken, even after moving the development in house from a third party. You know, the guy in charge?
 
Ziggy said:
No, I am pissing and moaning about the guy who leads and decides how his company does business. That includes laying off all the development staff and engineers while the crap Uconnect systems are still broken, even after moving the development in house from a third party. You know, the guy in charge?
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Yes, the American management team at Ram/Chrysler that selected uconnect, set pricing, gave the UAW billions in concessions for their lousy builds…… Yes, those guys that he was showing the door. But hey, you’re a genius.
 
Thewookie said:
Yes, the American management team at Ram/Chrysler that selected uconnect, set pricing, gave the UAW billions in concessions for their lousy builds…… Yes, those guys that he was showing the door. But hey, you’re a genius.
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So I guess his position was not CEO since he had no oversight or decision-making authority. Stop being a dick. You love having a foreign company own what's left of Mopar, good for you. There is plenty of blame from within the shell that's left, and Stellantis sure has not been helping either.
 
gimmie11s said:
One person never is the "boss" of a publicly traded company -- the board has more power than most understand.
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While I agree the board has a lot of power, most notably ability to hire and fire the CEO, I disagree about the CEO not being the boss. Good quality CEO's set strategy, hire top positions, and detail a plan and execute it. There are tons of examples of corporate success being traced to really good CEO's.

I honestly look at Stellantis and wonder if anyone has been in charge, it appears management has been asleep at the wheel for years now. Certain things are hard and require luck of timing and markets, other things simply require proper management. Build quality, product lineup choices, pricing, marketing all trace a path directly upstairs to leadership. I'd say cleaning house is definitely in order.
 
Dave01 said:
While I agree the board has a lot of power, most notably ability to hire and fire the CEO, I disagree about the CEO not being the boss. Good quality CEO's set strategy, hire top positions, and detail a plan and execute it. There are tons of examples of corporate success being traced to really good CEO's.

I honestly look at Stellantis and wonder if anyone has been in charge, it appears management has been asleep at the wheel for years now. Certain things are hard and require luck of timing and markets, other things simply require proper management. Build quality, product lineup choices, pricing, marketing all trace a path directly upstairs to leadership. I'd say cleaning house is definitely in order.
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"Boss", meaning final say on strategic decisions.

That really doesn't exist in traded companies.
 
gimmie11s said:
Top guy will always be blamed for terrible sales, regardless of whether or not he agreed with the pricing strategy. One person never is the "boss" of a publicly traded company -- the board has more power than most understand.

We'll see where we go from here!
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‘When I am saying we were arrogant, I’m talking about myself, nobody else. I’m talking about the fact that I should have acted immediately, recognizing that the convergence of those three problems was there, and we had to set up a task force to address them,” Tavares said at Stellantis’s investor day.

The Board of Directors is responsible for a lot of things, but operational management is not one of them. Tavares admitted he is responsible for the resistance to promotions and incentives when inventory levels rose, keeping production levels at a rate that guaranteed continued high inventory levels, and not addressing quality issues early on. So yeah I think everyone can blame him.
 
jeffn said:
‘When I am saying we were arrogant, I’m talking about myself, nobody else. I’m talking about the fact that I should have acted immediately, recognizing that the convergence of those three problems was there, and we had to set up a task force to address them,” Tavares said at Stellantis’s investor day.

The Board of Directors is responsible for a lot of things, but operational management is not one of them. Tavares admitted he is responsible for the resistance to promotions and incentives when inventory levels rose, keeping production levels at a rate that guaranteed continued high inventory levels, and not addressing quality issues early on. So yeah I think everyone can blame him.
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Not saying he's without blame. Im sure he is to an extent as there is plenty of blame to go around.

All im saying is I have no idea who pulls the real strings at this Corporation -- and neither do you or anyone else on this board.

To fail as fantastically as Stellantis appears to be failing takes more than just one man.

I will say, as it relates to Mopar -- I was happy to see the resistance to the EV nonsense; a resistance that was stronger than that of GM and Ford combined, up until the last 12-18 months when Stellantis seemed to have changed their tune some.
 
I really think you are applying too much intrigue to corporate board governance. The person pulling the biggest strings at Stellantis is the CEO. There's no mysterious behind the scenes management team making bad decisions. Sure the board has input. But I don't know why you think the guy in charge, who was paid 39 million in 2023, isn't making all the major decisions. He is (was). 18 months ago they thought the company was doing just great, they didn't read the tea leaves to understand the changing market conditions and, a few years more in the making, decide on the correct product mix. All IMO of course, but that's what I see.
 
Dave01 said:
I really think you are applying too much intrigue to corporate board governance. The person pulling the biggest strings at Stellantis is the CEO. There's no mysterious behind the scenes management team making bad decisions. Sure the board has input. But I don't know why you think the guy in charge, who was paid 39 million in 2023, isn't making all the major decisions. He is (was). 18 months ago they thought the company was doing just great, they didn't read the tea leaves to understand the changing market conditions and, a few years more in the making, decide on the correct product mix. All IMO of course, but that's what I see.
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Thanks for sharing. Now, go back and re-read my posts.

Have you ever held a C-level position at a publicly-traded company, or at any company?

Again -- to be (more) clear -- Im sure any blame applied to him is well-deserved.
 
gimmie11s said:
Thanks for sharing. Now, go back and re-read my posts.

Have you ever held a C-level position at a publicly-traded company, or at any company?

Again -- to be (more) clear -- Im sure any blame applied to him is well-deserved.
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I will.

I'm not going to answer your, if I may, somewhat arrogant question. My career is my career, as is yours, we all get to voice an opinion without proving to you our qualifications.

We agree on the blame. I will give you one thing, which I think you are correct about and I didn't mention ... some things are extremely difficult to fix in any reasonable (2 year?) time frame. Take Boeing for example ... if they don't give new leadership literally 5-6 years to execute a plan, then they will have a revolving door of CEO's that all fail. It is possible he had better plans and simply not enough time and rope to implement them. No idea there.
 
Your point (and most of the HDRams forum I'd imagine) is that he was well paid and should be accountable for the company he controls. I fully agree -- 100%.

My only point was there are always other actors at play making decisions in these scenarios. Not giving him a pass, just offering a counter point with some nuance.
 
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