The European Commission has given the green light for the PSA Group merger with Opel and Vauxhall, with management changes following the decision.
Opel/Vauxhall appointed Frédéric Brunet and Xavier Duchemin as managing directors as of August 1, 2018.
Brunet will become chief financial officer (CFO) of the company, succeeding Philippe de Rovira who has been appointed member of the executive committee and chief financial officer of PSA Group as of August 1, 2018.
Duchemin will become managing director sales, aftersales and marketing of Opel/Vauxhall. He succeeds Peter Küspert, who leaves the company at his own request, after nearly five years in office, said Vauxhall.
Frédéric Brunet and Xavier Duchemin will report to Opel/Vauxhall chief executive Michael Lohscheller.
“I am delighted that Frédéric Brunet and Xavier Duchemin will join our management team,” said Michael Lohscheller. “Both are strong and recognised leaders with extensive experience in the automotive industry. They will play a fundamental role in executing our strategic plan PACE!.”
A graduate of Ecole Centrale de Lyon, Brunet began his career in 2000 as an auditor with PricewaterhouseCoopers. He joined PSA Peugeot Citroën in 2004 and has served in a variety of functions. He was the group controller for Vauxhall/Opel overseeing all global controlling activities since 2017.
Between 2014 and 2017, he led the Investor Relations division of PSA Group. Before that time, he was with its strategy department, where he oversaw strategic project scheduling and financial impacts. Between 2012 and 2014, Frédéric Brunet gained international experience as the chief financial officer for the Latin America region of PSA Group.
Xavier Duchemin has been executive director sales Opel/Vauxhall Europe since March of this year. The graduate of HEC Business School in Paris has held various senior sales and marketing positions at Groupe PSA since 1991. Since January 2017, Xavier Duchemin has been Managing Director of PSA Retail, previously Managing Director of Peugeot France, Chief Marketing Officer of Citroën worldwide and CEO of Citroën in the UK and Austria.