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A Tribute to Pierre Peugeot
Our Group was greatly bereaved by the death of the Chairman of its Supervisory
Board, Pierre Peugeot, who passed away on December 1, 2002.
Mr. Peugeot was born in 1932 in Valentigney, near Montbéliard in eastern France,
a region he remained very attached to all his life. He began his career in 1957
in Sochaux as a special advisor to plant management. Two years later, he was
called to company headquarters in Paris, where he was put in charge of
international expansion. In 1966, he joined the senior management team
of the new Peugeot S.A. holding company, becoming a member of the Managing
Board and Managing Director in 1972. In this position, he played a vital role in
the Group’s business activities, and notably in all of the major stages in its
development, including the merger with Citroën, the acquisition of Chrysler
Corp.’s European subsidiaries and the creation of Faurecia. On July 1, 1998,
he was elected Chairman of the Supervisory Board.
Mr. Peugeot was therefore directly involved in our transformation into a worldclass
corporation. At the same time, he demonstrated a firm commitment to
preserving our unique identity and maintaining a strong core of family
stockholders, which he felt was a guarantee of stability and sustainable growth.
He was convinced that the future should be built on the human and technical culture
developed over succeeding generations. The “Aventure Peugeot” association, which
he created in 1982, illustrates his belief that history can inform the future.
He was rigorous and demanding with himself and others, and his personal
ethics commanded respect. While seemingly austere, he was profoundly human.
The finest honor we can pay his memory is to resolutely pursue our commitment
to growth, along the course that he himself set.
PSA PEUGEOT CITROËN 3