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

PARIS (Reuters) – French carmaker PSA <PEUP.PA> Wednesday appointed two executives it recently recruited from the Renault-Nissan-Mitsubishi alliance head up its DS and Citroen brands, and named them 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 statement that Vincent Cobee, currently deputy Citroen CEO and 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)