Stellantis shares rise on speculation about new CEO By Investing.com

Investing.com– Shares of U.S. auto maker Stellantis NV (NYSE: ) rose on Monday after the firm said it has begun searching for a candidate to replace CEO Carlos Tavares, whose contract expires in 2026.

Shares rose 2.9 percent to $15.45 on Monday, but fell 0.3 percent in aftermarket trading.

Shares of the automaker fell to a 20-month low in early September as it grappled with sluggish sales and profit in North America.

Tavares is facing increasing pressure to turn around the US company’s operations.

Stellantis said it’s possible Tavares will stick around longer.