New CEO for Valeo

Valeo have appointed deputy CEO Christophe Périllat as their new chief executive, confirming previously announced plans. Outgoing Jacques Aschenbroich, who became CEO in 2009, will continue to act as chairman of the board. Meanwhile, the group say their preliminary full-year sales rose to €17.3bn, slightly above their guidance range of €16.9bn to €17.2bn. Free cashflow came in…

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Hector Fratty

Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.