Before the end of the year, the Peugeot family must take a big decision: electing its representative on the board of directors of Stellantis, a position currently occupied by Robert Peugeot, whose mandate will end at the next general meeting. He is the second shareholder of the auto group born in 2021 from the merger between PSA, the family business, and Fiat Chrysler Automobiles (FCA).
The manufacturer with fourteen car brands (Peugeot, Citroën, Fiat, Chrysler, but also DS, Opel, Vauxhall, Jeep, Ram, Dodge, Alfa Romeo, Lancia, Abarth, Maserati) is built on a delicate balance of shareholders: on the French side, Peugeot (7.74% of capital according to the last annual report), the public investment bank Bpifrance (6.65%) and employees; on the Italian side, Exor, the holding company of the Agnelli family, which founded Fiat, with 15.52%.
This French-Italian parity was found in the company’s leadership: John Elkann, grandson of Gianni Agnelli, was appointed executive president, Robert Peugeot, non-executive vice president, and Carlos Tavares, who came from PSA, general director. Chrysler’s hasty departure in 2024 called this architecture into question and led to a concentration of power in the hands of former Fiat Chrysler employees. To the point that some of the Peugeot family are worried that their name and influence will be lost in favor of the Italian camp. Concerns were also shared by a large number of group executives, particularly those represented by CFE-CGC.
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