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This paper proposes a simple and fast technique for power device open circuit (OC) fault detection in stacked multicell converters (SMCs). A mitigation technique allowing for fault-tolerant operation using a simple front-end routing circuit is also proposed for SMCs. The fault detection concept only needs to sense the voltage and direction of current at the output terminal of the SMC to detect and localize an OC switch fault to a particular rail of the SMC. The proposed technique compares the measured and expected voltage levels considering the commanded switch states and the direction of the terminal current flow. Once an OC fault is detected and localized, the front-end routing circuit will be activated to reconfigure the SMC converter to a simple flying capacitor multilevel converter (FCMC) to maintain the output power flow with a reduced number of voltage levels. A window detector circuit is proposed to track the output voltage level and current direction with high bandwidth. Simulations were performed to validate the fault detection method and router performance. The functionality of windows detector is investigated with a hardware prototype 7 level 300 V SMC.