Billionaire Peugeot dynasty hires new CEO


Wealth management: A Peugeot concept car on display at a motor show. The Peugeot family’s corporate empire dates back to the 1800s. — AFP

PARIS: The billionaire Peugeot family’s holding company is undergoing a rare changing of the guard, the first in nearly two decades that comes amid a broadening of their investments.

The French clan’s Etablissements Peugeot Freres, which oversees a fortune centred around the eponymous carmaker, named Nicolas Huet as chief executive officer to replace Thierry Mabille de Poncheville, who has held the job for 18 years.

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