Francois Michelin spent more than half his life at his family's company, serving as its co-managing director until 1999 and maintaining an active role until his retirement in 2002. He was predeceased by his son, Édouard, who was killed in a 2006 boating accident.
"On behalf of the Group's employees, I would like to pay special tribute to this exceptional man who was universally respected for his values, his convictions, and his vision," Michelin CEO Jean-Dominique Senard said in a statement.
Neither the Michelin Group nor François' family have stated a cause of death. Scroll down for the official statement.
We have learned today with deep emotion that Mr. François Michelin has passed away, in his 89th year.
Mr. François Michelin dedicated his life to the company. He headed it for 47 years, when he handed over the reins to his son Edouard. A visionary and a humanitarian, Mr. François Michelin tirelessly embodied the values of respect that are the very foundation of our Group's identity.
Under his leadership, Michelin experienced unprecedented growth, driven by his passion for innovation as well as his uncompromising attention to quality. He transformed the Group by giving it an international dimension.
Jean-Dominique Senard, Chief Executive Officer of the Michelin Group, said: "On behalf of the Group's employees, I would like to pay special tribute to this exceptional man who was universally respected for his values, his convictions, and his vision."
The date of his funeral will be announced soon.