Fraikin Appoints Pierre Louis Colin as CEO

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Mar 02, 2015, 10:48 ET

RUEIL-MALMAISON, France, March 2, 2015 /PRNewswire/ --

Fraikin today announced that its Board of Directors has appointed Pierre-Louis Colin as Chief Executive Officer, effective immediately. This appointment is part of Fraikin's strategy to accelerate innovation and focus on quality as the company enters its next chapter of growth.

Fraikin: Pierre Louis Colin (PRNewsFoto/Fraikin Group)

(Photo: http://photos.prnewswire.com/prnh/20150302/732420 )

Prior to joining Fraikin, Pierre-Louis Colin, 51, spent most of his career at PSA Peugeot Citroën, where he was most recently Head of the global services and Spare Parts division.

He previously held several senior management positions at PSA since his joining in 1989, including Managing Director of Peugeot Hungary, Managing Director of Peugeot Turkey and Director of Operations in Iran. From 2005 to 2009, Colin was Managing Director of Peugeot UK, and from 2009 to February 2012, Managing Director of Peugeot Motorcycles.

Commenting on his appointment, Pierre-Louis Colin said,

"I am deeply honoured to have this opportunity to lead Fraikin during this important time of transformation. I look forward to expanding on the strong foundations built under Hugues Rougier's leadership, with continued focus on growth and quality of services to our customers."

"The Board looks forward to working with Pierre-Louis and the rest of the senior management team towards the same goals of growth, competitiveness, quality, and teamwork," said Thierry Marraud, Chairman of the Board of Directors of Fraikin.

About Fraikin:

With 70 years of experience and €643 million in turnover in 2014, the Fraikin Group is the European leader of industrial and commercial vehicle hire. Fraikin has the largest fleet of multi-brand and multi-purpose vehicles in Europe: 54,730 vehicles, including 48,766 directly owned vehicles and 5,964 fleet-managed vehicles. It also has the largest agency network (180 agencies) across Europe, including France, Belgium, Luxembourg, UK, Spain, Switzerland, Poland, Czech Republic, Slovakia, Morocco and Hungary. With 2,800 employees, Fraikin is provides so much more than just vehicle hire, helping customers to define solutions adapted to their needs and providing them with know-how, flexibility and responsiveness to support their business.