After the control reconstruction, PSA has a new President
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  1. #1
    1000+ Posts gerry freed's Avatar
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    Default After the control reconstruction, PSA has a new President

    Louis Gallois has been elected President (Chairman of the Board) of PSA, replacing Thierry Peugeot. The control of the company now rests with the troika of Dongfeng, the French State and the Peugeot family. He has previously held similar roles at SNCF and EADS, the parent of Airbus.
    We now face another possible risk of political intereference. PSA was hit badly by the Iranian sanctions which stopped their export of Peugeot CKD cars and parts to Iran for assembly. Now there is a possibility of sanctions on Russia, which could affect both PSA and Renault/Nissan with their significant investments there.

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  2. #2
    1000+ Posts Mike Tippett's Avatar
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    A professional bureaucrat at the helm of Peugeot...sacrilege!
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  3. #3
    1000+ Posts gerry freed's Avatar
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    No he is the admiral of the fleet, at the helm will be a real car person, Carlos Tavares
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  4. #4
    1000+ Posts gerry freed's Avatar
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    The President of China is here on a visit focussing on commercial opportunities and is being given the red carpet treatment. One of the many photo opportunities was an "official" signing of the deal between PSA and Dongfeng.
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