Friday, December 19, 2008
Gilles Michel leaves PSA
PARIS -- Gilles Michel, managing director of the Citroen brand, will leave PSA/Peugeot-Citroen, sources told Automotive News Europe Friday.
Michel will quit the carmaker to run the French government's new strategic investment fund.
Michel, 52, has been a rising star within PSA's upper-management team since joining the company in 2002 as head of platforms, technical affairs and purchasing. He has run the Citroen brand since 2007 and is a member of PSA's five-person managing board.
PSA had no official comment on Michel's resignation, but company sources said Michel's new appointment decision could be finalized late Friday after a board meeting of the fund.
Michel will quit the carmaker to run the French government's new strategic investment fund.
Michel, 52, has been a rising star within PSA's upper-management team since joining the company in 2002 as head of platforms, technical affairs and purchasing. He has run the Citroen brand since 2007 and is a member of PSA's five-person managing board.
PSA had no official comment on Michel's resignation, but company sources said Michel's new appointment decision could be finalized late Friday after a board meeting of the fund.
DATED: 19.12.08
FEED: ANE
