Valeo has created its new Valeo Power Division, which has merged its powertrain and thermal management systems into one entity.
This will better address the electrification market expectations and to further improve its competitiveness and financial performance, the firm says.
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The Valeo Power division will implement a lean organisation structure based on seven Regional Operations and will progressively replace the former Valeo Thermal Systems and Powertrain Systems business groups until the completion of all social and legal procedures.
Xavier Dupont is appointed Chief Executive Officer of the Valeo Power division and Valeo Group Executive Vice President.
Christophe Périllat, Valeo CEO said: “As we further accelerate in electrification, our Valeo Power division will enable us to offer our customers technologies tailored to market expectations in terms of performance and cost.”
At the same time, Valeo has updated the names of its two other divisions to reflect the transformation of their activities:
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By GlobalData- The Valeo Comfort and Driving Assistance business group is now the Valeo Brain division. Marc Vrecko is appointed Chief Executive Officer of the Valeo Brain division and Valeo Group Executive Vice President
- The Valeo Visibility business group is now the Valeo Light division. Maurizio Martinelli is appointed Chief Executive Officer of the Valeo Light division and Valeo Group Executive Vice President
The firm’s new operational structure is now organised around these three divisions that will become the financial reporting segments of the Group starting at the 2024 half-year results.
Valeo aftermarket activity remains Valeo Service activity with Eric Schuler appointed Chief Executive Officer of Valeo Service Activity.
