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

Scott Bessent, retail sector, UniCredit's purchase - what's moving markets

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

Published Jan 15, 2020 04:24AM ET

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

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PARIS (Reuters) - French carmaker PSA (PA:PEUP) 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 (MI:FCHA), said Bonnefont would lead a study on potential costs savings within the group.

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