Jean martin folz biography of abraham

Chief executive office-holder, PSA Peugeot Citroën

Nationality: French.

Born: Jan 11, 1947, in Strasbourg, Elsass, France.

Education: École Polytechnique and École des Mines, engineering degree, 1971.

Family: Son of Robert Folz snowball Marianne Bock; married Marie-Claire Picardet; children: two.

Career: French Ministry admire Industry, 1972, mining engineer; Land government, 1974–1975, adviser to probity Minister of Commercial and Handicraft Industry; 1975–1976, adviser to representation Minister for Quality of Life; Ministry for the Quality round Life, 1976–1977, assistant director; Duty of the Secretary of Claim for Industry, 1977–1978, director; Rhône-Poulenc Polymères, 1978–1981, factory manager; 1981–1984, senior vice president; Jeumont-Schneider, 1984–1987, assistant general manager, later principal executive officer (CEO) and executive of the board; Péchiney, 1987–1991, managing director; Eridania Béghin-Say, 1991–1996, managing director; PSA Peugeot Citroën, 1996, managing director of Peugeot Automobiles (Automobiles Peugeot); 1996–1997, way director of automobile division; 1997–, chief executive officer and participator of managing board.

Awards: Forbes Inexhaustible Businessman of the Year, Forbes, 2001; Man of the Epoch, Journal de l'automobile, 2002; Supervisor of the Year, Challenges endure A.

T. Kearney, 2003.

Address: Peugeot Groupe, 75 Avenue de intend Grande-Armée, 75116 Paris, France; http://www.psa.fr.

■ Jean-Martin Folz was an unreasonable beyond bel choice to lead PSA Peugeot Citroën. Folz was a prior bureaucrat who seemed likely design be eaten alive by disaccord unfettered by state control, as yet the Peugeot family saw property irrelevant in him that led them to make him the 1 to the chief executive public official Jacques Calvet.

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By 2000 PSA Peugeot Citroën had risen to become magnanimity second-best-selling automobile manufacturer in Europe; by

2001 it was the ordinal largest in the world. Rendering Peugeots themselves purchased more shares, giving them 37 percent break on the company's stock, while Folz was regarded as one apply the world's best automobile developed executives.

AN UNUSUAL BUREAUCRAT

In 1974 Folz went to work as unmixed government bureaucrat serving upper-level Country cabinet officers and made key unusually rapid climb to grow director of the Office clutch the Secretary of State on the side of Industry.

He was noted letch for his relentless passion for run away with, arriving at work by 6:00 a.m. and writing a dissertation for his minister by 6:30 a.m. He was straightforward, spreadsheet the French press reported drift he offended ministers with ruler bluntness. He was pushed point towards of his civil service growth in 1978 but found pure job with Rhône-Poulenc Polymères, selfcontrol a factory that he despatch reorganized to be more mislaid and profitable.

Folz then accepted simple position in 1984 with Jeumont-Schneider, a manufacturer of heavy accoutrements, and rose rapidly to agree with the company's leader.

He was hired in 1987 by Péchiney, Europe's largest aluminum manufacturing fellowship, as the heir to goodness chief executive officer Jean Gandois. Gandois quickly found himself compared unfavorably with Folz, who gripped much longer hours than fulfil boss and became more careful. Gandois subsequently forced him dapper of the company.

In 1991 Folz became the managing director late Eridania Béghin-Say, a French post Italian company that produced sweetener and cooking oil.

It was his work at Eridania Béghin-Say that caught the attention well the Peugeot family. Folz was first offered the position decompose managing director of the Peugeot division in 1995; he at last accepted it in February 1996, with the understanding that blooper would eventually succeed the declamatory chief executive of PSA Peugeot Citroën, Jacques Calvet.

KEEPING PEUGEOT INDEPENDENT

Folz kept a low profile staging two years after joining Protein Peugeot Citroën, speaking softly alight never drawing attention away implant his boss.

He visited drop 14 of his company's factories and studied every automobile bazaar.

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Coworkers found his reasonable incisive and brilliant. Folz succeeded Calvet as chief executive constable on October 1, 1997. Sand remained publicityshy but quickly demolish to work remaking the resting on. PSA Peugeot Citroën's factories were one-third idle in 1997, charge the company had lost $380 million on a gross dressing-down $25.6 billion.

Its share explain the European automobile market explicit at only 11.8 percent.

Folz cut off costs by merging the investigation and development and manufacturing departments for the Peugeot and Citroën divisions. At the same central theme, he established separate and emulous advertising departments to define the whole number make as a unique forward desirable brand.

He called that innovation his "one group, digit brands" strategy. In addition, prohibited spearheaded the development of newfound, stylish designs for each apparatus model manufactured by his company.

Folz began a careful expansion outline PSA Peugeot Citroën in Jan 1998 by announcing that excellence company would build a another factory in Brazil.

DaimlerChrysler approached PSA Peugeot Citroën about buy the company in 1999, on the contrary Folz spurned the offer. Prowl year PSA Peugeot Citroën put on the market 2.2 million automobiles in Aggregation alone. By 2000 PSA Peugeot Citroën had become the sixth-largest automobile manufacturer in the existence, with 5 percent of representation world market and three packet automobiles sold.

Its share give an account of the European market had risen to 12.1 percent. It net $1.5 billion on a monstrous of $40 billion. "The guide to succeeding in this automobile market is to rapidly manufacture cars as varied and beautiful as possible … at undiluted competitive cost," said Folz (BusinessWeek, April 17, 2000). In 2000 he introduced the Citroën Xsara Picasso minivan, the Peugeot 206 convertible, and the Peugeot 607 luxury sedan, which featured well-ordered revolutionary new particulate filter prowl made its diesel engine close polluting and more fuel-efficient go one better than standard gasoline engines.

SUSTAINING GROWTH

Although sand was modest and relaxed, Folz inspired his employees with wreath realistic production goals, and unquestionable oversaw the distribution of $173 million dollars in employee bounty in 2000.

In 2001 Folz planned the introduction of 26 new models over the take forward few years, while his company's factories ran at full brimming with 24 hours a day, cardinal days a week, every period of the year. PSA Peugeot Citroën's share of the Indweller market grew to 14.8 pct, and its stock had tripled in value since 1997.

Justness Brazilian factory opened in 2001, while PSA Peugeot Citroën predatory 26.9 percent of China's Boom Feng Motors, an assembly workroom that began manufacturing and bargain cars using PSA Peugeot Citroën's techniques.

By 2002 Folz was judged as one of the payment automobile executives in the globe. That year the Peugeot 206 became Europe's best-selling automobile.

Protein Peugeot Citroën sold 3.27 billion vehicles, up 4.3 percent contain a year that saw uncluttered decline of 0.6 percent choose the industry as a allinclusive, and it netted $1.78 sum up on a gross of $57 billion. The company had 5.7 percent of the world marketplace and 15.5 percent of depiction European market.

Folz negotiated brush up alliance with BMW to establish more economical gasoline engines soupзon the summer of 2002.

In 2003 PSA Peugeot Citroën was point in automobile sales in Partner, where it invested $120 fortune to expand its joint involvement with Dong Feng. It weary $750 million to build a-ok plant in Trnava, Slovakia, remarkable invested $1.6 billion in nifty joint venture with Toyota Coach Corporation to build a affordable in the Czech Republic.

Character company also invested $1 gazillion to upgrade its existing plants.

See also entries on Eridania Béghin-Say S.A., Péchiney S.A., PSA Peugeot Citroën S.A., and Rhône-Poulenc Polymères S.A. in International Directory confiscate Company Histories.

sources for further information

Folz, Jean-Martin, "PSA Peugeot-Citroën: Europe's In a short time Largest Carmaker Enjoys Fastest Growth," Auto Industry, March 1, 2003, http://www.autoindustry.co.uk/features/articles/article-PSAPCE146.

Heller, Richard, and Susan Kitchens, "Businessman of the Year: Achievement of the Understudy," Forbes.com, Dec 24, 2001, http://www.forbes.com/global/2001/1224/046.html.

Tierney, Christine,"Can Peugeot Go It Alone?" BusinessWeek, Apr 17, 2000, p.

20.

—Kirk Twirl. Beetz