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Robert Peugeot

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French businessman
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Robert Peugeot
Born
Robert Peugeot

(1950-04-25)25 April 1950 (age 74)
Belfort, France
NationalityFrench
Alma materÉcole centrale Paris
INSEAD
Occupations
ParentBertrand Peugeot

Robert Peugeot, born on (1950-04-25)April 25, 1950 (age 74) inBelfort, France, is a French businessman. He is chairman ofPeugeot Invest, the listed investment company that is one of the two main shareholders inStellantis and majority-owned byÉtablissements Peugeot Frères (Peugeot family).

Part of a long family line, he is the son of Bertrand Peugeot, long-time director ofCycles Peugeot and one of the people behind the creation of thePSA Peugeot Citroën Group in 1976, and the great-grandson of Robert I Peugeot and grandson of Eugène II Peugeot.

Early life and family

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After completing his primary and secondary education at the Lycée Cuvier inMontbéliard and then atJanson-de-Sailly in Paris, Robert Peugeot was accepted at theÉcole Centrale Paris and obtained hisDiplôme d'Ingénieur (the engineering degree in France) in 1971, which he completed atINSEAD in 1973.

Keen to gain real hands-on experience within the carmaker, he joined theSochaux vehicle manufacturing plant in 1974 as a worker and then team leader on the assembly lines.

Career

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Operational positions

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He subsequently held a succession of operational positions within the automotive group:[1]

  • Head of Peugeot-Citroën's planning department inJohannesburg (South Africa) (1975–76).
  • Design and development engineer atPeugeot (1977–78). In particular, he worked on the development and fine-tuning of on-board air conditioning systems for new vehicles.
  • Central bodywork methods engineer atCitroën (1979–81). During this period, he developed the robotisation of bodywork welding workshops.
  • Director of the Citroën mechanical engineering plant inAsnières (1981–82). During the major industrial disputes of 1982, Robert Peugeot maintained production at the Asnières plant, which supplied all Citroën assembly plants, throughout the conflict.
  • Director of Peugeot-Talbot Motor Company inCoventry (UK) (1983–84). He successfully organised the launch of Peugeot's '205' model in the network, most of which came fromTalbot, and the investment in the '309' model, which ensured the continued existence of theRyton plant.
  • From 1985 to 1998, he held a succession of management positions at Citroën: head of plans and programmes (1985–88), then director of organisation and IT systems (1988–93), and finally director of quality and organisation (1993–98).

Chairman of the family investment company

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In February 2002, Robert Peugeot was appointed chairman and chief executive officer ofFFP, a listed investment company andPeugeot SA's largest shareholder (22.1%). At the time, FFP's core assets were PSA Peugeot Citroën shares.

At the helm of FFP, Robert Peugeot says he favours investing in companies in which his company can 'contribute its expertise in the management of family groups, with active collaboration from FFP representatives in the decision-making and development of companies in which FFP has taken a share of the capital'.[2]

In 2007, Robert Peugeot decided to leave the executive committee ofPSA Peugeot Citroën to join the supervisory board of PSA Peugeot Citroën and, given the growth achieved by FFP, to manage the company on a full-time basis.[3] Since 2002, the value of FFP's assets has risen sharply. At 31 December 2019, despite two years of financial crisis, net asset value stood at more than €3.5 billion.[4]

On 15 July 2015, the French magazineLe Point published an article reporting on the top-hat pension of over €450,000 received by Robert Peugeot from PSA.[5]

On 19 May 2020, Robert Peugeot was appointed chairman of FFP, leaving the position of chief executive officer ofFFP to Bertrand Finet. FFP becamePeugeot Invest in 2021.[6][7]

Other functions and corporate offices

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  • Member of the executive committee of PSA Peugeot Citroën (1998–2007)
  • Member of the supervisory board of PSA Peugeot Citroën (since 2007) and chairman of the strategic committee ofPSA Peugeot Citroën
  • Member of the board of directors ofForvia
  • Member of the board of directors ofSafran
  • Member of the board of directors ofStellantis

References

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  1. ^"Robert Peugeot - Biographie".zonebourse.com. Retrieved2023-07-13..
  2. ^"Actualité économique".LExpansion.com. Retrieved2020-07-09.
  3. ^Carole Bellemare avec Caroline Beyer (2007-10-16)."Robert Peugeot, le grand vizir des investissements familiaux".Le Figaro. Retrieved2020-07-09.
  4. ^"FFP - Résultats du premier semestre 2020: FFP poursuit son développement malgré la crise du Covid-19".FFP (in French). Retrieved2020-09-30.
  5. ^Labbé, Christophe; Delattre, Mélanie."Peugeot: la retraite chapeau de trop". Retrieved2015-07-16.
  6. ^"Peugeot Invest - FFP devient Peugeot Invest".FFP (in French). Retrieved2021-04-11.
  7. ^"FFP va devenir Peugeot Invest".Capital.fr (in French). 2021-02-22. Retrieved2021-04-11.

External links

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