Carlos Tavares, chief executive of automaker Stellantis, will step down from Airbus’ board of directors next year, Stellantis announced on Friday.
“This personal decision will allow Carlos Tavares to devote all of his professional time to lead Stellantis to success, with his management team, in this period of transformation and evolution of the automotive industry,” the company explains in a press release. .
The Portuguese director will step down from the board of directors of the European aircraft manufacturer at the end of his second term in 2022.
The boss of Stellantis, recently born of the merger of the French PSA with the Italian Fiat-Chrysler, warned of the “enormous technological challenges” which this new group would be facing at the time of the development of electric vehicles, digitization and autonomous driving.
Stellantis, born in January 2021, brings together 14 iconic brands such as Citroën, Peugeot and Alfa Romeo. The goal of the PSA-Fiat Chrysler merger was to strengthen itself in particular against competitors Toyota and Volkswagen.