Pierre Peugeot, 70; Exec With Family's Auto-Making Firm -- Rest in Peace

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Subject: Pierre Peugeot, 70; Exec With Family's Auto-Making Firm

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Paris

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Date Posted: December 04, 2002 3:03:26 EDT

Pierre Peugeot, 70, chairman of the supervisory board of PSA Peugeot Citroen SA, died Sunday of undisclosed causes in Paris.

Peugeot spent his entire career with the family company, France's largest auto maker, joining the management board in 1972 and becoming president of the supervisory board in 1998.

A company statement, released Sunday, described his work: "During these 30 years, he has played an essential role in the development of the group PSA Peugeot Citroen."

The Peugeot family, through various holdings, owns about 26.5% of the Paris-based company that bears its name. Jean Boillot, now vice president, will serve as acting president of the supervisory board.

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