Why the Peugeot family chose to Thierry Peugeot key
The shareholder family took the decision to land the Supervisory Board.
It's over: Thierry Peugeot, 58, is no longer at the heart of the reactor. Since Thursday, July 3 in the evening, according to a terse statement sent by Peugeot Citroën, it is no longer part of the board of the group, he was still the Vice President yesterday and the President prior to the General Meeting of 31 May He was replaced by his sister. Marie-Hélène Roncoroni, 54 Challenges announced a decision to this effect was imminent in its issue of 26 June: it was actually taken Tuesday July 1 in the afternoon.
This is an interview with Les Echos suicide granted on 23 June which set fire to the powder.He attacked his cousin Robert and his "financial approach" while itself is "industrial". Worse, there regretted the arrival of the Chinese Dongfeng capital, but also state: "I am a moral liberal capitalist and a defender of private enterprise.When the state enters the group for the first time in 200 years of history that inevitably raises questions. " A little phrase that made Louis Gallois, great servant of the State and Chairman of the Supervisory Board of Peugeot Citroën, literally furious.
As for the family, it is the criticism by Thierry Philippe Varin, former Chairman of the Board, in particular the failure of the partnership with General Motors, which has annoyed. "It was a rare inelegant," said one of the cousins Peugeot.
Finally, Jean-Philippe Peugeot decided - in agreement with Louis Gallois, Robert Peugeot and the State - to send the letter to Thierry who resigns his role as Vice-Chairman of the Board of Directors . Indeed, it was not in his own name his tenure, but by delegation Etablissements Peugeot Frères, including Jean-Philippe is the President ... and could therefore, at any time, revoke.
This is to save the face of Thierry its cousins had offered him the post in question: depressed by the fall of the group and demoralized not be able to direct the Board of Directors, the family wanted to preserve it. For he had always believed that power, and was therefore kept his freedom of speech?This is what whispers in the corridors. Certainly, with the Welsh duo-Tavares supported by Robert Peugeot, a page turns for the French manufacturer.