PARIS - Valeo, the world's 10th largest supplier, wants to be in the top five by no later than 2004.
'That is my first objective,' said Andre Navarri, the company's new chairman and CEO in his first interview as boss.
Navarri has replaced Noel Goutard, who retired last month after 13 years as chief executive. Goutard changed Valeo from an underperforming company dependent on French automakers into a global giant.
Navarri said he aims to boost Valeo's sales from A7.7 billion last year to A15 billion within four years.
To get there he wants to make the company a leader in supplying modules for the multibrand global platforms that carmakers are planning.
Valeo will soon become the world leader in front-end modules. Its next objective is cockpits - and that could involve an alliance with a major interiors supplier.
Full Navarri interview, see Page 4.