Groupe PSA: Supervisory Board Press Release

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

Groupe PSA (Paris:UG):

At its extraordinary meeting on April 3, 2020, on proposal of shareholder Dongfeng Motor Group Company Ltd, Peugeot S.A.’s Supervisory Board decided to co-opt M. ZHANG Zutong as a member of the Supervisory Board, replacing M. YOU Zheng, who has resigned, and appointed M. ZHANG Zutong as a member of the Financial and Audit Committee, the Strategic Committee and Chairman of the Asia Business Development Committee.

The cooptation took effect immediately and for the remainder of the latter's term of office, ie until the Shareholders’ Meeting called in 2022 to approve the financial statement for the year ending 2021.

M. Louis GALLOIS declares he was delighted to welcome M. ZHANG Zutong to the Supervisory Board; his thirty years of management experience in the automotive industry and his governance skills will be highly appreciated.

The cooptation decision of M. ZHANG Zutong will be submitted for ratification at the Peugeot S.A. Shareholders’ Meeting.

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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