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Philippe Varin Sets up a Leaner Management Team to Lead the Group’s Recovery



  Philippe Varin Sets up a Leaner Management Team to Lead the Group’s Recovery

Business Wire

PARIS -- March 12, 2013

Regulatory News :

In 2012, PSA Peugeot Citroën (Paris:UG) laid the foundations for the rebound
in its manufacturing and retail operations. The Group’s strategic objectives
have been confirmed. The recovery will be driven by the expression of two
strong, clearly differentiated brands, the return to profit and the success of
the Alliance with General Motors. To ensure the efficient implementation of
the Group’s strategy, a leaner management team has been set up around Philippe
Varin, Chairman of the Managing Board.

The Executive Committee comprises the four members of the Managing Board and
nine Executive Vice Presidents reporting to the Chairman of the Managing
Board:

  * Philippe Varin, Chairman
  * Jean-Baptiste de Chatillon, Executive Vice President, Finance
  * Grégoire Olivier, Executive Vice-President, Asia
  * Jean-Christophe Quémard, Executive Vice President, Programmes

Frédéric Saint Geours has been appointed as Special Advisor to the Chairman of
the Managing Board.

  * Maxime Picat, Chief Executive Officer, Peugeot Brand
  * Frédéric Banzet, Chief Executive Officer, Citroën Brand
  * Gilles Le Borgne, Executive Vice President, Research and Development
  * Denis Martin, Executive Vice President, Industrial Operations and Supply
    Chain
  * Yannick Bezard, Executive  Vice President, Purchasing
  * Philippe Dorge, Executive Vice President, Human Resources
  * Yves Bonnefont, Executive Vice President, Strategy
  * Pierre Todorov, Legal Counsel
  * Jonathan Goodman, Executive Vice-President, Corporate Communications

Claude Brunet has been appointed as Special Advisor to the Chairman of the
Managing Board.

The Group has announced two significant changes in its organisation:

  * The Chief Executive Officers of the Peugeot and Citroën brands will report
    directly to the Chairman of the Managing Board. The Chairman of the
    Managing Board will personally ensure that the entire organisation
    embraces each brand’s customer promise.
  * To enhance the quality of social dialogue, the management of relations
    with trade unions will be integrated into the corporate Human Resources
    Department.

In order to strengthen the overall effectiveness of the senior management
team, the Chairman of the Managing Board has assigned each Managing Board
member leadership in meeting certain strategic and operating objectives, in
addition to their direct responsibilities:

  * The Executive Vice President, Finance will ensure that consolidated
    earnings are optimised by making final decisions on the necessary
    trade-offs between the Peugeot and Citroën brands and the Industrial
    Operations and Supply Chain Department. He will also ensure the return to
    profit in the Latin America region.
  * The Executive Vice President, Asia will ensure profitable growth in Russia
    and oversee the development of manufacturing operations outside Europe and
    Latin America.
  * The Executive Vice President, Programmes will lead the successful
    completion of joint projects between the Programmes, Purchasing, R&D and
    Industrial Operations and Supply Chain Departments, in particular to
    reduce vehicle production costs and to develop the Alliance with General
    Motors.

These changes will be effective from 2 April 2013.

Communications Department, Media relations : 75 av. de la Grande Armée - 75116
                                    Paris
          Telephone (33 1) 40 66 42 00 - www.psa-peugeot-citroen.com

Contact:

PSA Peugeot Citroën
Media Contact :
Tel. 00 33 1 40 66 42 00
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