Stellantis CEO Carlos Tavares has resigned after nearly four years in the top spot of the Jeep and Ram maker, which has continued to struggle with slumping sales.

The chief executive officer of car-maker giant Stellantis has abruptly resigned, the company said Sunday, as it has suffered a precipitous drop in share value this year.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot