Valeo announced an important change in its organizational structure in order to enhance profitability and improve its efficiency given the growing globalization of its markets and customers. The new simplified structure, organized around four business groups and a strengthening of the role of the country organizations, is designed to accelerate the growth of the Group’s product families in all of its markets.
Four new business groups are created integrating the existing product families and the domains.
Comfort and detection systems regroups the product families of interior controls and security systems as well as the driving assistance domain organization. Christophe Prillat is appointed vice-president of this business group in addition to his responsibility as VP of the interior controls product family.
Powertrain systems regroups the engine and electrical systems and transmissions product families as well as the powertrain efficiency domain organization. Michael Schwenzer is appointed vice-president for this business group in addition to his responsibility as VP of the transmissions product family.
Thermal systems regroups the climate control, compressors and engine cooling product families as well as the comfort enhancement domain organization. Alain Marmugi is appointed vice-president for this business group in addition to his responsibility as VP of the climate control product family.
Visibility systems regroups the lighting systems and wiper systems product families. Antoine Doutriaux is appointed vice-president for this business group in addition to his responsibility as VP for the wiper systems product family.
“Valeo’s organization in eleven branches is no longer adapted to the globalization of our customers and our markets,” said Jacques Aschenbroich, CEO of Valeo. “I am convinced that this new organization will enable the Group to better respond to the challenges of the automotive industry by identifying strong synergies and by managing more efficiently and in closer proximity to our customers in markets with high growth potential.”
The role of the business group vice-presidents is to focus on product family profitability, to identify new business development opportunities and synergies within their organizations. The business group vice-presidents report to Luc Blriot, CEO.