PSA Peugeot Citroen chose Louis Gallois as the first-ever chairman from outside its founding family as the carmaker seeks to tap the former Airbus Group NV head’s experience with turning around large French companies.
PSA Peugeot Citroen has narrowed the search for a new supervisory board chairman to ex-Airbus Group NV Chief Executive Officer Louis Gallois and former Nexans SA CEO Gerard Hauser, a person familiar with the matter said.
PSA Peugeot Citroen appointed Louis Gallois, former head of planemaker Airbus’s owner, as France’s board representative at Europe’s second-biggest carmaker following the government’s move to help the company’s bank unit.
European Aeronautic Defence & Space Co. named Tom Enders chief executive officer from June 2012 to succeed Louis Gallois as part of a management reshuffle aimed to maintain a balance between French and German shareholders.
When French President Francois Hollande unveiled a plan in November for a business tax credit and higher sales taxes as a way to revive the economy, he was implementing an idea championed by economist Gita Gopinath.
European Aeronautic Defence & Space Co. said the World Trade Organization decision that Airbus SAS benefited from illegal subsidies to build some aircraft won’t hinder the development of the A350 plane.
France played a decisive role in shaping not only the euro system but the entire European project. This history has predisposed French leaders to the goal of preserving the euro at all costs. Those costs, as we explained in Part 1 of this article, have become quite insupportable. A new strategy is needed, and France’s role in shaping it will once again be pivotal.