Today 09/27/2016 - 10:42:20 AM
Peugeot SA 13.285€
CAC 40 4,420.60 PTS
The Annual Meeting of Peugeot S.A. shareholders was held on 3 June 2009 under the chairmanship of Thierry Peugeot, Chairman of the Supervisory Board.
Mr. Peugeot noted that more than ever, the Supervisory Board is committed to maintaining the Group’s objective of becoming one of the world’s leading automobile companies. In addition to the financial measures demanded by the crisis, the Board has asked the Managing Board to pursue the automobile projects already underway, maintain the product plan and continue expanding the Group's global footprint.
Mr. Vardanega, who has served as Chairman of the Managing Board over these past two months, presented the Group’s 2008 results and reviewed its business in first-quarter 2009, when sales and revenue declined as a result of weak demand and the inventory drawdown strategy. During his presentation, Mr. Vardanega also discussed PSA Peugeot Citroën’s core values, of which the most important are innovation and a concern for people.
Mr. Varin, who has been Chairman of the Managing Board since 1 June, gave an overview of his vision for PSA Peugeot Citroën, stating that “it is based on three objectives, which I would like everyone in the Group to embrace. PSA Peugeot Citroën has to become a more global enterprise, by continuing to assertively expand in the international marketplace through organic and external growth; it has to be an innovator, pioneering the products and services of tomorrow by responding to emerging customer expectations; and it has to be a benchmark in operating efficiency.”
Lastly, shareholders adopted all of the submitted resolutions as recommended by the Managing Board.