Peugeot board loses one family member, gains another

摘要

Opponent of Dongfeng/France plan goes -Meanwhile investors wonder about efficacy of turnaround plan. Investors are puzzling about Peugeot-Citroen's chances of fulfilling its financial turnaround plan, and its latest results due at the end of July will give clues as to whether it is yet showing traction. But as the new shareholders from China and the French government settle down on the board, they will have a new colleague - Marie-Helene Roncoroni, the sister of Thierry Peugeot who stepped down in early July. As part of the rescue plan for ailing Peugeot-Citroen, the French state and Dongfeng Motor of China agreed to take 14 per cent stakes in Peugeot. The deal diluted the Peugeot family stake to 14 per cent also, from 25.3 per cent. Thierry Peugeot was publicly critical of this aspect of the rescue.