The Board of Directors of Etablissements Peugeot Frères, holding company of the Peugeot family group, one of the shareholders of Stellantis wants to double in size by 2030, has elected a new chairman in the person of Frédéric Banzet, who succeeds Jean -Philippe Peugeot, announced the group on Monday.
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Etablissements Peugeot Frères is the majority shareholder of Peugeot Invest, which holds the Peugeot family's stake in Stellantis.
“The Board of Directors of Etablissements Peugeot Frères has elected Frédéric Banzet Chairman.
This follows Jean-Philippe Peugeot's decision to be relieved of his duties as chairman, which the board has taken note of
,” said Etablissements Peugeot Frères in a press release.
"Twenty years of experience"
Frédéric Banzet, 63, who is part of the Peugeot family,
“has held leading responsibilities within the family group for many years and benefits from more than twenty years of experience both in the automobile industry and in investment. “
, said the group.
Jean-Philippe Peugeot, who remains a director, spent 26 years at the head of the Peugeot family group, according to the group.
