Stellantis announced management changes on Monday as part of a shake-up at the world's fourth-largest automaker launched after the shock exit CEO Carlos Tavares in December. The search for a new permanent CEO is "well under way",

Stellantis NV announced another shakeup of its management ranks as the automaker deepens an overhaul following the ouster of Chief Executive Officer Carlos Tavares.

Stellantis announced on Monday an internal overhaul aimed at simplifying its structure and speeding up processes, as the carmaker presses ahead with a reorganisation it started after former CEO Carlos Tavares left in December.