Carlos TAVARES, Chairman of the Managing Board of PSA Peugeot Citroën, Completes His Executive Committee

Regulatory News :

Following the nomination of the 3 Brand Directors: Linda JACKSON for Citroën, Yves BONNEFONT for DS, and Maxime PICAT for Peugeot, the new Executive Board of PSA Peugeot Citroën (Paris:UG) is being completed with a regional and divisional organization.

Organization by region
In order to ensure the profitable growth of the Group in all regions of the world and to accelerate the transformation of PSA and make it a global manufacturer, a regional organization is being set up. It will become completely operational from September 1st, 2014

Each region will be managed by an operational Director, responsible for the economic results and for the management of Group resources in the region, including industrial and commercial activities. This responsibility is undertaken in coordination with the Brands and the other divisions of the Group.

In light of this the following nominations are made for Region Operational Directors, members of the Executive Committee, reporting to Carlos TAVARES:

Corporate functions
The following are confirmed or appointed as Divisional Directors and members of the Executive Committee reporting to Carlos TAVARES:

The following are confirmed or appointed as Worldwide divisional Directors reporting directly to Carlos TAVARES

Following these nominations announcement, Carlos Tavares, Chairman of the managing board of PSA Peugeot Citroën, said: "This new organization is one of the key objectives announced in the plan "Back in the race”; The Region directors will be directly responsible for both the growth and profitability of their region. The newly formed Executive committee will accelerate the cultural transformation which I am asking for throughout the whole company”

About PSA Peugeot Citroën
With its three world-renowned brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold 2.8 million vehicles worldwide in 2013, of which 42% outside Europe. The second largest carmaker in Europe, PSA Peugeot Citroën recorded sales and revenue of €54 billion in 2013. The Group confirms its position of European leader in terms of CO₂ emissions, with an average of 115.9 grams of CO₂/km in 2013. PSA Peugeot Citroën has sales operations in 160 countries. It is also involved in financing activities (Banque PSA Finance) and automotive equipment (Faurecia).
For more information, please visit www.psa-peugeot-citroen.com

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