Deals
Peugeot’s CEO Plan Puts Focus on Last-Chance China Deal
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PSA Peugeot Citroen’s move to name former Renault SA operations chief Carlos Tavares as its future chief executive officer stands to help secure an alliance with Dongfeng Motor Corp., which may be the carmaker’s last chance to end its reliance on Europe’s slumping car market.
Tavares will join Peugeot’s management board on Jan. 1 and will replace CEO Philippe Varin, 61, later in the year, Peugeot said yesterday. Before stepping down, Varin will focus on discussions with partners.