Candidates for new PSA supervisory board chairman trimmed to 2

Article by Christian A., on March 14, 2014

PSA/Peugeot-Citroen is nearing decision over who will become its supervisory board chairman after narrowing the list to ex-Airbus Group chief executive Louis Gallois and ex-Nexans CEO Gerard Hauser, a person privy with the matter told Bloomberg. Thierry Peugeot currently holds the post.

The selection of a new chairman is part of a wider reorganization at PSA that will see board seats of the founding Peugeot family reduced to two from four. The French state and Dongfeng Motor Corp., which have agreed to acquire 14 percent stakes each, will also each have two seats. According to the source, both Gallois and Hauser have already went to China to meet with Dongfeng.

Gallois is currently a member of the PSA board as the representative of French government. He is backed by President Francois Hollande and is the leading candidate. The Peugeot family has elected its two main holding companies -- EPF and FFP – to represent it on the board, the person told Bloomberg.

FFP and EPF are headed by Robert Peugeot and Jean-Philippe Peugeot, respectively. A decision on whether the two cousins will continue their mandates as chiefs of the holding companies -- has yet to be reached, the person disclosed. PSA's board will meet March 18 to for the final decision, the person told Bloomberg. [source: automotive news - sub. required]

Topics: psa

If you liked the article, share on:

Comments

Recommended

There is no denying that the new BMW M760Li xDrive really sits at the acme of the German premium carmaker’s 7-Series family. Along with its powerful and confident performance --...
by - March 1, 2017
A nude show can’t get any better than this. As we wait for Koenigsegg to launch the company’s official configurator online, several of its employees have already given us a...
by - March 1, 2017
t seems as if something had flown out of the drawing board. Kind of. Before the Korean carmaker holds its official debut this year, sketches of the updated 2018 Hyundai...
by - February 28, 2017
At the 2017 Mobile World Congress held in Barcelona, SEAT gave the public a taste of what it believes is the future of driving. For the company, this is about...
by - February 28, 2017
It was in April of last year when Honda first revealed plans that it was planning to build a plug-in hybrid version of the Clarity. There will also be an...
by - February 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries