Valeo chief Morin quits, replaced by ex-Saint-Gobain CEO

Automotive News

Paris – Valeo said today ceo Thierry Morin was stepping down in a disagreement over strategy. The French supplier named ex-Saint-Gobain deputy ceo Jacques Aschenbroich as his replacement.

Morin, who has been with the company for 20 years including eight as chairman, was given the title of honorary chairman of Valeo “in recognition of his significant contribution to the development of the group,” the company said.

Valeo’s board of directors decided on the management changes at…

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