Groupe PSA appoints You Zheng to its Supervisory Board

– FRANCE, Rueil-Malmaison –  Groupe PSA (EPA: UG) today announced that its Supervisory Board decided to appoint You Zheng as a member of the Supervisory Board on the recommendation of shareholder Dongfeng Motor Group Company Ltd, He will replace An Tiecheng who has resigned.

The appointment took effect immediately and will run for the remainder of An Tiecheng’s term of office.

At its meeting on February 25, 2020, the Supervisory Board, on the recommendation of the Appointments, Compensation and Governance Committee, appointed You Zheng as a member of the Finance and Audit Committee and of the Strategy Committee, and as Chairman of the Asia Business Development Committee.

Louis Gallois said that he was delighted to have You Zheng on the Supervisory Board, noting that his international experience and skills in the automotive industry will be of great value.

About Groupe PSA

Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Its ‘Push to Pass’ strategic plan represents a first step towards the achievement of the Group’s vision to be “a global carmaker with cutting-edge efficiency and a leading mobility provider sustaining lifetime customer relationships”. An early innovator in the field of autonomous and connected cars, Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia.

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