As part of governance evolution, Christophe Périllat appointed as Valeo Chief Executive Officer 

January 27, 2022 12:59 pm

Christophe great expertise in the automotive sector and intimate knowledge of Valeo acquired over his 2 decade career with the Group will be of immense help.

The Board of Directors of Valeo decided to appoint Christophe Périllat as Chief Executive Officer of Valeo, in accordance with the succession plan announced on October 27, 2020.  Jacques Aschenbroich will continue to act as Chairman of the Board of Directors until the end of his current term of office as a Director.

The Board of Directors thanked Jacques Aschenbroich warmly, expressing its profound gratitude for his exceptional record during his 13 years at the head of Valeo Group, during which Valeo doubled in size and its market capitalization increased more than sevenfold. Under the direction of Jacques  Aschenbroich, Valeo has positioned itself amongst the world leaders in the most promising segments of  the automotive industry such as driving assistance systems and electrification, establishing Valeo at the  heart of the two great revolutions in mobility now underway. The Board of Directors is delighted to be  able to count on Jacques Aschenbroich’s continued service as Chairman during this managerial transition.

The Board of Directors welcomes the appointment of Christophe Périllat as Chief Executive Officer and offers him its full confidence and support in his new role. The Board will be able to rely on his great expertise in the automotive sector and intimate knowledge of Valeo acquired over his 20-year career with the Group. The Board of Directors is proud of the strong positioning reached by the Group under  the leadership of Jacques Aschenbroich and is convinced that Christophe Périllat will be able to seize  all new opportunities to continue such transformation.

At the end of the Board of Directors’ meeting, Jacques Aschenbroich declared, “This governance evolution is the culmination of a gradual succession plan announced in October 2020,  which has been moving forward under excellent conditions. I am delighted with the decision to appoint  Christophe Périllat as Chief Executive Officer. I am convinced that with the quality of his career with the  Group for over 20 years and his in-depth knowledge of the automotive sector, he will be able to guide  Valeo through the ongoing automotive revolution and define the strategic orientations that are necessary  to strengthen its leadership and seize all opportunities in the years to come. Along with our 110,300 employees, I will continue to support him in my capacity as Chairman of the Board of Directors.”

For more info, visit: www.valeo.com