Stellantis chairman John Elkann has grown frustrated at the company’s performance in North America. Carlos Tavares has a contract to remain as Stellantis chief executive until early 2026 but that hasn’t stopped company chairman John Elkann from already starting a search for Tavares’ successor.

Stellantis (STLA) has started searching for a successor to CEO Carlos Tavares as the automaker faces criticism from both dealerships and union autoworkers, according to multiple reports.

The chairman of Stellantis confirms that the search for a new CEO has begun; he has not ruled out that Carlos Tavares' contract could be renewed.

Reports say the search isn't related to recent criticism of CEO Carlos Tavares and struggles in the U.S. market.

CEO Tavares' tenure at Stellantis has been marred by poor profits and conflicts with the United Auto Workers union.

Stellantis chairman John Elkann has grown frustrated at the company’s performance in North America. Despite mounting criticism, CEO Carlos Tavares may remain in his role, with his contract running until 2026.