Valeo has appointed Jean-Luc Terrasse as Chief Executive Officer of its Light Division and Group Executive Vice President, effective July 1, 2026. In his new role, Terrasse will report directly to CEO Christophe Périllat and become a member of the company's Executive Committee.
Terrasse succeeds Maurizio Martinelli, who is retiring after 26 years with the company. Valeo said the leadership transition comes as its Light Division continues to play a central role in the company's ELEVATE 2028 strategic plan, with a focus on profitable growth and lighting technologies for future mobility.
Terrasse brings more than 30 years of international industrial experience, having held senior leadership positions across Europe and South America. During his career at Valeo, which began in 1989, he has worked across multiple business units including Engine Management Systems, Body Electronics and Special Lighting Products, with responsibilities spanning operations, industrial management, product development and commercial leadership.
In addition to his tenure at Valeo, Terrasse has held roles at Alstom Grid, Johnson Controls Automotive and Safran. He most recently served as Vice President of Valeo's Wiper Systems product group, a position he assumed in January 2016. He holds an engineering degree from Centrale Lyon ENISE.
Commenting on the appointment, Christophe Périllat, CEO of Valeo, said, "Jean-Luc has extensive knowledge of the market and a deep knowledge of Valeo's culture and industrial excellence."