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psa peugeot citroen

Peugeot appoints first non-family chairman

March 24, 2014

French family firm PSA Peugeot Citroen has appointed its first non-family chairman, following the announcement of its recapitalisation last month, but there could be future family-member leaders waiting in the wings, according to a business and corporate governance expert based in France.

Last week, the carmaking firm confirmed French civil servant Louis Gallois would be its new chairman, and the family’s board presence would halve to two voting members, due to the family diluting its share in the family business.

Peugeot Citroen deal shows French families need to think global, says business expert

February 21, 2014

The recapitalisation of French family business PSA Peugeot Citroen sends a message to other family firms that they need to join forces with foreigners to survive in the modern world, says a business and corporate governance expert based in France.

This week the Peugeot family announced it was diluting its shares in the carmaker, France’s largest family business, from its existing 25% holding and 38% voting rights.

Family business roundup: Sales up at Zegna, PPR and Fiat Industrial, down at Peugeot

April 26, 2012

Ermenegildo Zegna, the Italian fashion house controlled by the founding Zegna family, saw its profits almost double in 2011, while three other family businesses in Europe have reported mixed quarterly results.

Piedmont-based Ermenegildo Zegna, chaired by fourth-generation Paolo Zegna, said on 25 April that net profit jumped 91.5% in 2011 to €115 million. Revenues at the company, which was founded in 1910 as a weaving business, also grew by 17% to €1.13 billion.

What is PSA Peugeot Citroën driving at?

January 1, 2007

As the world auto industry and its associated business media reel from the sudden
resignation of Peugeot Citroën’s chairman Jean-Martin Folz, Marc Smith reflects on whether this was the result of strategic mismanagement or general problems within the sector worldwide

Marc Smith is deputy editor of Families in Business.

As the world auto industry and its associated business media reel from the sudden resignation of Peugeot Citroën’s chairman Jean-Martin Folz, Marc Smith reflects on whether this was the result of strategic mismanagement or general problems within the sector worldwide

The resignation of a respected chairman that catches