Ex Chairman & CEO VALEO
Thierry Morin studied at the College of St Cloud and the University of Paris IX Dauphine where he gained a Master in BA management.
Thierry Morin began his career as a commercial engineer with Burroughs in 1977. He remained there for 1 year, before moving to Schlumberger. He spent the first 3 years as financial controller of the electrical metering department, and then 2 years as financial controller of the Electronic branch of Schlumberger . In 1983 Thierry became chief accountant of Schlumberger Europe. After 1 year he changed job to take on the role of financial controller of Flopetrol-Schlumberger.
In 1986 Thierry Morin became vice-president of the Information Systems division, and then director of finance and planning of the audio division of Thomson Consumer Electronics in Los Angeles, USA.
It was in 1989 that Thierry Morin joined Valeo. Valeo is one of the world’s leading automotive supplier with sales of nearly 12 bn Euros. It employs 70 000 people in 120 factories and 22 Research centers, in 27 countries Worldwide.
He has held the following positions:
– Group Financial Director, Clutch division (1989-90) ; Financial Director Engine Cooling division (1990-91) ; Director of Financial Control (1991-94) ; Goup Director of Financial Control, Strategy and Purchasing (1994-95) ; Group Finance, Strategic Operations and Purchasing Vice-President (1995-97) ; Group Senior Vice-President (1997-2000) ; Executive Vice-President & CFO (2000-2001) . In March 2001 he took on his role of Chairman & CEO at a very difficult time for Valeo (600million Euros of net loss).
As Chairman & CEO Thierry restructured the group (closed down more than 50 factories worldwide, opened 20 new factories in low cost countries), positioned Valeo as a strong supplier in terms of quality (3 defaults per million in march 2010) and innovation (Stop-Start, park 4 U….)while assuring positive results at all times.
Thierry left Valeo in 2009 after a rather fierce fight with Pardus, an activist fund trying to dismantle Valeo. Thierry won the fight and Pardus was forced to sell its share but Thierry resigned from his position.
Since then, Thierry Morin manages his own companies (110M €, 1100 people in metal sintering and alloy wheels for the auto industry).
− Chairman of TM France
− Chairman of Elis (European leader in rental/maintenance of textile and hygiene articles)
− Member of the Board of Directors of ARKEMA ( and chairman of the nomination, remuneration and governance committee).
− Exchairman of “ Université Technologie de Compiègne ”
− Exchairman of the Board of Directors of INPI (French National Institute for Industrial Property)
− Decorations : Officer of the French National Merit, Knight of the French Legion of Honor, Knight of « Arts & Lettres »
− Member of the “Automobile Club de France”