Valeo: how the discreet automotive supplier has “changed scale” in thirteen years

Posted Jan 26, 2022, 8:41 AMUpdated on Jan 26, 2022 at 8:53 am

From one crisis to another. When Jacques Aschenbroich was appointed CEO of Valeo in March 2009, the automotive supplier weakened by the 2008 crisis lost 2 million euros a day. Thirteen years later, as the CEO prepares to hand over the reins, the group has once again entered a turbulent zone. The pandemic has pushed it into the red, with 1 billion euros in net losses in 2020, and it has not turned the page on the crisis even if 2021 should mark a return to green.

However, the Valeo of today no longer has much to do with that of the time. “The group has changed scale”, welcomes Jacques Aschenbroich, a few days before transferring its general management to Christophe Périllat (he himself will remain president until May 2023). “Our workforce has grown from 45,000 to 110,000 employees worldwide, mainly through organic growth. »

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