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 multinational automotive company Stellantis announced on Monday that further changes in its management and structure are coming following the ouster of Carlos Tavares, its chief executive, in December.

Stellantis NV is planning another shakeup of its management ranks as the automaker deepens its overhaul following the ouster of Chief Executive Officer Carlos Tavares, according to people familiar with the matter.