Morin wins battle, but tough times will continue.(News)

Automotive News Europe,  May, 2007  

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Byline: Sylviane de Saint-Seine

Thierry Morin has survived the toughest challenge to his leadership since taking over as Valeo CEO six years ago, but trouble still looms.

Valeo shareholders gave Morin and the eight people he proposed for the board an overwhelming vote of confidence during the supplier's annual meeting May 21.

Morin was approved by 94 percent of shareholders while his fellow board members received between 66 percent and 96 percent of the vote. But pressure will remain on Morin to deliver on his promise to boost Valeo's profitability - in particular by US ...

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