Fraikin Appoints Pierre Louis Colin as CEO

Rueil-malmaison, France (ots/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.

(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 EUR643 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.

For further information: http://www.fraikin.fr

Press Contacts: Wellcom
Delphine Lobry and Stéphanie Piere
fraikin@wellcom.fr - +33(0)1-46-34-60-60

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

ots Originaltext: Fraikin Group
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