Stellantis NV Chief Executive Officer Carlos Tavares is stepping down after profit slumped and US sales weakened at the maker of Jeep SUVs and Fiat cars, according to people familiar with the situation.

Stellantis CEO Carlos Tavares has stepped down with immediate effect, the company announced on Sunday. His resignation comes less than two months after Stellantis said Tavares would leave the company in 2026,

Carlos Tavares was the Stellantis CEO since the conglomerate's founding in 2021 but has abruptly departed due to disputes with other leadership in the company.

It was an abrupt resignation by Carlos Tavares amid increasingly “different views” between the executive and the BODs.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

By Giulio Piovaccari and Nora Eckert MILAN/DETROIT (Reuters) -Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.

Stellantis chief executive Carlos Tavares resigned "with immediate effect" on Sunday, the maker of Jeep and Ram vehicles announced. The big picture: The Italian-U.S. auto maker had faced a sales slump and Stellantis' senior independent director Henri de Castries said in a statement that "in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision.

As head of PSA Peugeot, Carlos Tavares took control of the company in January 2021 when it merged with Fiat Chrysler Automobiles.