The Peugeot circle of relatives holds 7.7% of the capital of the arena’s fourth biggest automobile workforce Stellantis, which is the results of the 2021 merger of Peugeot Societe Anonime (PSA) and Fiat Chrysler Vehicles (FCA). Since 1897, the economic dynasty has embodied the French automotive international. With what possibilities?
The Peugeot circle of relatives comes from the Montbéliard (Doubs) area in Franche-Comté. In 1810, Jean-Pierre and Jean-Frédéric Peugeot remodeled their circle of relatives grain mill right into a metal mill. Their automobile journey started with the release of the “Type 3”, the arena’s first heavily produced automobile. It persisted with the advent of the Peugeot corporate in 1897. The merger with the Citroen corporate created the Peugeot Societe Anonime (PSA) workforce in 1976, which merged with the Fiat Chrysler Vehicles (FCA) workforce in 2021 to provide delivery to Stellantis.
What’s the affect of this emblematic dynasty of the French automobile trade? What’s the position of Robert Peugeot, the important thing guy within the Peugeot circle of relatives? What are the possibilities for the Peugeot circle of relatives inside of Stellantis?
Peugeot Freres status quo
The Peugeot circle of relatives is composed of round 300 shareholders who personal 7.7% of the capital of the Stellantis workforce, thru Peugeot 1810, a subsidiary owned via the funding corporate Peugeot Make investments with 76.5% and 23.5% via Etablissements Peugeot Freres. With 11.9% of vote casting rights, the Peugeot circle of relatives is amongst Stellantis’ primary shareholders, along the Agnelli circle of relatives (makers of Fiat) and the state, which cling 15.5% and six.7% respectively thru Ecor (the Agnelli circle of relatives’s conserving corporate) and Bpifrance.
Armand Peugeot (1849-1915) on a Peugeot Kind 28 Phaeton, 1900. Wikimediacommons
We performed analysis at the criminal and governance problems with the Stellantis merger, which brings in combination the French workforce Peugeot Societe Anonime (PSA) and the Italian-American workforce Fiat Chrysler Vehicles (FCA). Our learn about highlights the criminal and organizational complexities of this mega-merger of equals. Our analysis displays that the control of Stellantis is marked via the presence of the Peugeot and Agnelli households, which can be the supply of PSA and FCA and which proceed to exert a robust affect inside the workforce.
The advent of the Stellantis workforce
The Peugeot and Agnelli households are the supply of the Stellantis workforce.
In 2019, Fiat Chrysler Vehicles initiated merger talks with Peugeot Societe Anonime (PSA) and Renault prior to its board of administrators rejected the proposed merger with Renault.
After that, the Peugeot and Agnelli households persisted their talks. Robert Peugeot first proposes the purchase of Fiat Chrysler Vehicles (FCA) after which a merger. Each tasks have been rejected via John Elkann, grandson of Giovanni Agnelli (the emblematic supervisor of Fiat), who was once frightened of diluting the pursuits of the Agnelli circle of relatives. Negotiations persisted and the venture was once after all authorized via the 2 households after which showed via the PSA Supervisory Board and the FCA Board of Administrators.
Robert Peugeot, the important thing guy of the circle of relatives
The son of Bertrand Peugeot (1923-2009), probably the most actors within the advent of the PSA workforce, Robert Peugeot (born in 1950) is lately probably the most distinguished member of the Peugeot circle of relatives. He graduated from the Ecole centrale de Paris and the Eu Institute of Industry Management (Insead), and held a number of control positions inside the PSA workforce. After the merger of PSA and Fiat Chrysler Vehicles, he become vice-president of the control board of Stellantis. On this capability, he represented the funding corporate Peugeot Make investments, which he chaired till the appointment of his son Edouard Peugeot in Would possibly 2025.
Robert Peugeot, and 2012, auk 40ᵉ Symposium in St. Galleen. Wikimediacommons
In his position as Vice Chairman of the Stellantis Board of Administrators, Robert Peugeot has labored since 2021 along John Elkann, Staff Chairman, and Carlos Tavares, President and CEO. On the finish of 2024, he participated within the determination to pressure Carlos Tavares to renounce, following disagreements that broke out between the CEO and the board of administrators of the Stellantis Staff.
Appointment of the previous director of Fiat
In Would possibly 2025, Robert Peugeot helps the appointment of Antonio Filosa as head of the Stellantis workforce. He’s a former CEO of Fiat, then FCA, who led Stellantis’ operations in North and South The us.
Robert Peugeot explains the brand new appointment:
“His proven leadership during his many years with our company speaks for itself, combined with his deep knowledge of our business and the complex dynamics facing our industry. This makes him the obvious choice to become Stellantis’ next CEO.”
At the day of his appointment, the brand new CEO of Stellantis additionally made up our minds to seek advice from the ancient Sochaux manufacturing facility (within the Montbéliard area) and the native museum devoted to the historical past of the Peugeot journey.
The way forward for the Peugeot circle of relatives inside of Stellantis
Initially of 2025, the affect of the Peugeot circle of relatives inside the Stellantis Staff might be reinforced with a number of strategic appointments. Edouard Peugeot, Robert Peugeot’s youngest son, has been appointed director of Citroen France. Charles Peugeot, the eldest son of Robert Peugeot, has been appointed director of the Opel logo. Xavier Peugeot, cousin of Robert Peugeot, takes the helm of the DS logo.
From Would possibly 2025 and with the coming of Edouard Peugeot on the head of Peugeot Make investments, the Peugeot circle of relatives funding corporate appears to be appearing a brand new technique of diversifying its investments and lowering its publicity to Stellantis. Peugeot would thereby make it identified that it has no goal of collaborating within the conceivable recapitalization of Stellantis.
As Robert Peugeot’s time period at the Stellantis board of administrators is because of finish within the spring of 2026, is the 9th era of the Peugeot dynasty intent on taking up and writing the following bankruptcy of the arena’s fourth biggest carmaker?
