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Valeo's Goutard retires (again); Morin in full control.(Suppliers)

Automotive News Europe,  February, 2003  

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Byline: Sylviane de Saint-Seine Automotive News Europe

Second time lucky? Noel Goutard, Valeo's legendary long-time leader, is retiring in the hope that this time, it's for good.

In March, Goutard will step down as head of Valeo's supervisory board. This strategy-setting job was made to his specifications two years ago, when Valeo shareholders declared the company in a state of emergency and called the retired Goutard to the rescue.

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Meanwhile Thierry Morin, head of Valeo's executive committee, will see his role evolve. He'll become Valeo's all-powerful ...

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