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.

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.