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 search for a new permanent CEO is "well under way",

As part of the plan, Stellantis has integrated its software and engineering activities under Chief Engineering and Technology Officer Ned Curic, the company said in a statement.

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.

Stellantis NV announced another shakeup of its management ranks as the automaker deepens an overhaul following the ouster of Chief Executive Officer Carlos Tavares.