Jacques Aschenbroich will leave the Chairmanship and the Board of Directors of Valeo on the last day of 2022. The selection process implemented by Valeo’s Board of Directors wound up with the Board of Directors’ unanimous decision to appoint Gilles Michel as Chairman of the Board of Directors.
The Board of Directors warmly thanked Aschenbroich for his outstanding record during his 13-year stint at the head of the Valeo group, and asked him to accept the title of Honourary Chairman.
Gilles Michel has extensive experience in the automotive industry, having spent several years in senior management positions at PSA Peugeot Citroën, where he was Technical and Purchasing Director; CEO of the Citroën brand, and member of the Management Board of Peugeot S.A. He began his career at ENSAE, then at the World Bank in Washington, D.C. before joining the Saint-Gobain group in 1986 where, for 16 years, he held various management positions—notably in the United States—before being appointed President of the Ceramics & Plastics branch in 2000. In 2008, he was the first Chief Executive Officer of the Fonds Stratégique d’Investissement (FSI), which he set up and then managed. He headed the Imerys group from 2010 to 2019, as Deputy Chief Executive Officer, Chairman & CEO and then Chairman of the Board of Directors.
