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Article: Levi resigns as ceo.(Pierre Levi resigned as chairman and chief executive officer )(Brief article)
- Article from:
- Urethanes Technology
- Article date:
- August 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS -- Faurecia SA's ceo has stepped down as German prosecutors probe bribery allegations against him and the company.
The Paris-based automotive interiors supplier said in a 2 Aug news release that Pierre Levi resigned as chairman and chief executive officer "as a consequence of the current judicial inquiry in Germany and in the best interests of the group."
During a 28 July news conference in Frankfurt, prosecutor Sybille Gottwald alleged Levi had known since 2001 that Faurecia had paid kickbacks to carmakers in exchange for contracts, ...