FROM OUR ARCHIVES: New Peugeot dynasty leads PSA - published Jan. 13, 2003

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PARIS -- Thierry Peugeot, eldest son of Pierre Peugeot, has been named chairman of PSA/Peugeot-Citroen's supervisory board. He replaces his father, who died last month at age 70.

The move is part of a wider shakeup that puts a new generation of Peugeot family members into key jobs at PSA and the family holding company. In their 40s or early 50s, they are the descendants of Pierre Peugeot and his cousins, Bertrand and Roland, who together set the company's overall strategy.

Thierry Peugeot, 45, had headed Citroen's aftermarket department.

His cousin, Jean-Philippe Peugeot, 49, already a member of the PSA board, was made a vice president.

The board also includes Marie-Helene Roncoroni, 41, a daughter of Pierre Peugeot. A former analyst with accounting firm Peat Marwick, she once worked at PSA's finance department.

Meanwhile, Robert Peugeot, 52, replaced Pierre Peugeot as chairman of Societe Fonciere, Financiere et de Participations, the holding company that controls most of the Peugeot family shares in PSA.

A son of Bertrand, Robert was PSA manager for innovation and quality. Marie-Helene Roncoroni and Jean-Philippe Peugeot were named vice presidents of the holding company.

PSA remains one of the few car companies still controlled by members of the founding family.

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