Peugeot Dynasty Extends Robert's Board Mandate at Stellantis

Billionaire auto dynasty, the Peugeots, will extend Robert Peugeot's board mandate at Stellantis for two more years. He will be nominated at the 2026 shareholders' meeting, following a competition with another heir, Xavier Peugeot. The decision comes as the company struggles to match the clout of the Agnellis, the other founding clan, amidst top management turmoil and a downturn in the sector. The Peugeots will retain a single seat on the board.