Billionaire Peugeot Dynasty Hires New CEO to Manage Fortune
- Lawyer Nicolas Huet joins French family’s firm from Eurazeo
- Prominent manufacturing clan is diversifying away from autos
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The billionaire Peugeot family’s holding company is undergoing a rare changing of the guard, the first in nearly two decades that comes amid a broadening of their investments.
The French clan’s Etablissements Peugeot Freres, which oversees a fortune centered around the eponymous carmaker, named Nicolas Huet as chief executive officer to replace Thierry Mabille de Poncheville, who has held the job for 18 years. A lawyer by training, Huet will start on Oct. 9, the firm said in a statement.