RUEIL-MALMAISON, France--(BUSINESS WIRE)--Regulatory News:
At its extraordinary meeting on January 20, 2020, on the recommendation of shareholder Dongfeng Motor Group Company Ltd, Peugeot S.A.’s (Paris:UG) Supervisory Board decided to appoint You Zheng as a member of the Supervisory Board to replace An Tiecheng, who has resigned.
The appointment took effect immediately and will run for the remainder of An Tiecheng’s term of office, i.e., until the Shareholders’ Meeting called in 2022 to approve the financial statements for the year ending 2021.
At its meeting on February 25, 2020, the Supervisory Board, on the recommendation of the Appointments, Compensation and Governance Committee, appointed You Zheng as a member of the Finance and Audit Committee and of the Strategy Committee, and as Chairman of the Asia Business Development Committee.
Louis Gallois said that he was delighted to have You Zheng on the Supervisory Board, noting that his international experience and skills in the automotive industry will be of great value.
The decision to appoint You Zheng will be submitted for ratification at the Peugeot S.A. Shareholders’ Meeting to be held on May 14, 2020 at the Company’s registered office.
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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