Jean-Martin Folz has informed Thierry Peugeot, Chairman of the Supervisory Board of Peugeot S.A., that he wishes to retire at 60. He will turn 60 in January 2007. Mr Folz was appointed Chairman of the Managing Board on 1st October 1997.
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Thierry Peugeot has put the supervisory board’s Compensation and Appointments Committee in charge of launching the selection process of the future chairman of the group’s Managing Board who is to replace Jean-Martin Folz.
The appointment of the future Chairman of the managing board will be subject to the supervisory board’s approval prior to the end of the year.
The future chairman is to take up his/her duties during the first quarter of 2007.
