At a meeting held on 26th Jan 2022, the Board of Directors at Valeo Limited unanimously elected Christophe Perillat as the new CEO of the company as a part of its succession plan announced on October 27, 2020. Christophe Perillat started his journey with the Valeo Group in 2000 and has held multiple key positions in the company
In its recent statement, Valeo India has reported a new governance revival with the appointment of Christophe Périllat as the new CEO of the company, along with sharing the new financial performance for the latest quarter. Jacques Aschenbroich shall continue to act as the Chairman of the Board, until the end of his current term in office. While congratulating the significant efforts of Aschenbroich for his contribution towards the growth of the business, the Board welcomed Christophe Perillat as the new CEO and expressed its unwarranted support during his tenure.
The Board feels that the decision behind electing Christophe Perillat as the new CEO has been a wise one, since the individual harbours an experience of around 20 years in the service of Valeo, and believe that the elections shall make the chairman and CEO collaborate and seize the perfect opportunities for the growth of the company.
Christophe Perillat started his journey with the Valeo Group in 2000 and has held multiple key positions in the company such as Chief Operating Officer (2011), Associate Executive Chief Officer (2020) and also as the Deputy Chief Executive Officer (2021). Additionally, he has also served in aeronautics industry with the equipment manufacturer Labinal, along with acting as a director with ALD. He holds an Executive MBA from HEC.
Another important aspect which was covered by the company was the publishing of the financial report. The EBIDTA margin stood at 13.4% of sales, thanks to the operational efficiency of the company. Free cash flow amounted to 290 million euros in 2021 whose generation was favourably impacted by Valeo’s tight control over capital expenditures and R&D expenses as well as it was unfavourably impacted by the 430 million Euros increase in inventories excluding tooling.
In his official statement, Mr. Perillat stated that resilience and persistent approach towards catering to the needs of the customers has led Valeo in to reaching the place it is currently at even though battling several hindrances such as electronic component shortage to name one. Christophe Perillat added that he is enthusiastically looking forward towards serving as the new CEO and thereby strengthening the companies vision and take it to new heights.
