World News

PSA names two former Renault, Nissan hires to head its DS, Citroen brands

PARIS (Reuters) – French carmaker PSA <PEUP.PA> on Wednesday appointed two executives it recently recruited from the Renault-Nissan-Mitsubishi alliance to head up its DS and Citroen brands, and named them to its global executive committee.

PSA said Beatrice Foucher, currently deputy DS chief executive and an ex-Renault manager, would succeed Yves Bonnefont as DS CEO.

The company said in a statement that Vincent Cobee, currently deputy Citroen CEO and a former Nissan and Mitsubishi executive, would replace Linda Jackson as Citroen CEO.

PSA, which is in the midst of a merger with Italy’s Fiat Chrysler <FCHA.MI>, said Bonnefont would lead a study on potential costs savings within the group.

(Reporting by Gilles Guillaume; Writing by Matthieu Protard; Editing yb Sarah White)