PEUGEOT INVEST (EPA:PEUG) - New corporate governance structure at Etablissements Peugeot Freres and stronger focus on ESG
Transparency directive : regulatory news
21/06/2021 07:30
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Press release
Neuilly-sur-Seine, 21 June 2021
New corporate governance structure at Etablissements Peugeot Freres and a
stronger focus on ESG within the Peugeot family Group
Établissements Peugeot Frères' Board of Directors, in its meeting of 27 May
2021, decided to split the roles of Chair of the Board of Directors and Chief
Executive Officer in line with best practice regarding corporate governance.
Jean-Philippe Peugeot, Chairman and Chief Executive Officer of the Company
since 1 July 1998, is stepping down as Chief Executive Officer and becoming
non-executive Chairman. He will continue to contribute his experience in that
role, particularly as regards corporate governance. He will also remain a Board
member at Peugeot Invest and Peugeot 1810.
Thierry Mabille de Poncheville, previously Deputy Chief Executive Officer of
Établissements Peugeot Frères and General Counsel of the Peugeot family
Group, is taking the role of Chief Executive Officer. Thierry Mabille de
Poncheville joined the Peugeot family Group in 2005 as General Counsel.
Sophie Vernier-Reiffers has been appointed General Counsel and Sustainability
Director of the Peugeot family Group. She is replacing Thierry Mabille de
Poncheville as General Counsel and taking on the newly created role of
Sustainability Director. This reflects the Peugeot family Group's desire for
its activities to be firmly rooted in a structured, ambitious approach to
social and environmental responsibility. Sophie Vernier-Reiffers has been with
Peugeot Invest for 12 years, and was previously Deputy General Counsel. Within
the family Group, she initiated Peugeot Invest's ESG approach in 2016 and
subsequently rolled it out across all entities in the Peugeot family Group.
ABOUT ÉTABLISSEMENTS PEUGEOT FRÈRES
Établissements Peugeot Frères is the Peugeot family Group's head holding
company. It is building on the Group's history by focusing on three areas: the
automotive business, investment activities and the Peugeot brand. As well as
its investments in Stellantis and Faurecia, Établissements Peugeot Frères
controls Peugeot Invest, a listed company and long-term minority investor, as
well as Peugeot Frères Industrie, which is continuing to develop the Peugeot
brand in non-automotive activities. Its solid corporate governance structure
brings together members of the family and fosters an entrepreneurial,
responsible and long-term approach in these business areas.
ABOUT PEUGEOT INVEST
Peugeot Invest is an investment company listed on Euronext, majority-owned by
Établissements Peugeot Frères. Peugeot Invest is one of the leading
shareholders in Stellantis and Faurecia and pursues a policy of establishing
minority shareholdings and long-term investments. Peugeot Invest holds
interests in listed companies (such as SEB, ORPEA, LISI and SPIE), non-listed
companies (such as International SOS, Tikehau Capital Advisors, Acteon and
Total-Eren), co-investments (such as IHS and JAB Holding), private equity funds
and real estate (SIGNA Prime Selection, SIGNA Development Selection and
Immobilière Dassault).
INVESTOR RELATION PRESS CONTACT
Sébastien Coquard Caroline Simon Phélip
Sebastien.coquard@peugeot-invest.com / caroline.simon@image7.fr /
+ 33 1 84 13 87 20 +33 (0)6 89 87 61 24