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.

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.

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.

More leadership changes at Stellantis NV announced Monday seek to offer greater autonomy for the automaker's regions around the world — the lack of which has been one of the

The revolving door of Jeep CEOs has spit out a new leader in the form of Bob Broderdorf. Alain Favey has been tapped to lead Peugeot, while Xavier Peugeot takes over at DS Automobiles. Stellantis’ bureaucracy has also been revamped to allow for “enhanced local decision-making.