Valeo reorganises business structure

Four new Business Groups are created integrating the existing product families and the Domains. Comfort and Detection Systems regroups the product families of Interior Controls and Security Systems as well as the Driving Assistance Domain organization. These product families relate to the driver’s interface with his environment and the vehicle and contribute to enhanced comfort and safety. Christophe Périllat is appointed Vice-President of this Business Group in addition to his responsibility as VP of the Interior Controls product family. Powertrain Systems regroups the Engine and Electrical Systems and Transmissions product families as well as the Powertrain Efficiency Domain organization. The product families in this Business Group are key for the reduction of energy consumption and CO2 emissions. Michael Schwenzer is appointed Vice-President for this Business Group in addition to his responsibility as VP of the Transmissions product family. Thermal Systems regroups the Climate Control, Compressors and Engine Cooling product families as well as the Comfort Enhancement Domain organization. These product families contribute in particular to cabin comfort and the reduction of energy consumption. Alain Marmugi is appointed Vice-President for this Business Group in addition to his responsibility as VP of the Climate Control product family. Visibility Systems regroups the Lighting Systems and Wiper Systems product families. This Business Group contributes to driver safety through a better visibility for the vehicle and the driver. Antoine Doutriaux is appointed Vice-President for this Business Group in addition to his responsibility as VP for the Wiper Systems product family. “Valeo’s organization in eleven Branches is no longer adapted to the globalization of our customers and our markets,” said Jacques Aschenbroich, CEO of Valeo. “I am convinced that this new organization will enable the Group to better respond to the challenges of the automotive industry by identifying strong synergies and by managing more efficiently and in closer proximity to our customers in markets with high growth potential.” The role of the Business Group Vice-Presidents is to focus on product family profitability, to identify new business development opportunities and synergies within their organizations. The Business Group Vice-Presidents report to Luc Blériot, Chief Operating Officer.