Groupe PSA: Tribute to Jacques Calvet

RUEIL-MALMAISON, France--(BUSINESS WIRE)--Regulatory News:

At the announcement of the death of Jacques Calvet, Carlos Tavares, Chairman of the Management Board of Groupe PSA (Paris:UG) declares: "It is with great sadness that I learn of the death of Jacques Calvet and I would like to extend on behalf of all employees of the Groupe PSA our sincere condolences to his wife and his family.

Jacques Calvet, a great visionary, managed the company from 1984 to 1997, making it a leading automobile manufacturer. I would like to pay a tribute to the memory of this great captain of industry who is leaving us, endowed with rare courage and an unfailing determination that must inspire us.

In view of the crisis we are going through, his example obliges us and commits us to protect the company for the benefit of its employees, as it has always been able to do. ”.

About Groupe PSA

Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Its ‘Push to Pass’ strategic plan represents a first step towards the achievement of the Group’s vision to be “a global carmaker with cutting-edge efficiency and a leading mobility provider sustaining lifetime customer relationships”. An early innovator in the field of autonomous and connected cars, Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia..

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