One in five automotive chief executives has stepped down over the past 12 months as the industry wrestles with a shortage of leaders to navigate rising geopolitical turbulence and increased competition.
CEO changes have occurred at Stellantis, Volvo Cars, Lucid and Nissan with chiefs at 11 of the top 50 automotive companies in the role for less than a year, according to executive search firm Savannah.
Globally, the average annual churn rate of CEOs at listed companies across all sectors has been one in nine over the past five years, it added.
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