RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News:
Groupe PSA (Paris:UG):
Xavier Peugeot has been appointed Senior Vice-President of Groupe PSA’s Light Commercial Vehicles Business Unit from October 1, 2019. He will report to Yann Vincent, Executive Vice‑President, Manufacturing & Supply Chain.
Xavier Peugeot previously held the position of Senior Vice-President, Product & Strategy at Citroen under Linda Jackson, Citroën’s Chief Executive Officer.
The Light Commercial Vehicles Business Unit was created in 2015 in order to strengthen the Group’s European leadership in light commercial vehicles and expand further internationally with the three brands, Peugeot, Citroën and Opel.
In his new position, Xavier Peugeot will be responsible for stepping up growth in Europe and the Group’s international development, in particular through an extended and refreshed line‑up of vehicles.
A one‑ton pickup will expand the Group’s offering by 2021 and an electrified offering will be added to all its vehicle ranges by 2025.
Xavier Peugeot replaces Philippe Narbeburu, who is taking over responsibility for commercial relationships with European importers.
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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