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Posts Tagged ‘Christian Streiff’

Peugeot-Citroen CEO Ousted

Replaced by industry outsider; could alliance be in plans?

by on Mar.30, 2009

PSA CEO Streiff falls victim to auto slump and automaker's mounting losses.

PSA CEO Streiff falls victim to auto slump and French automaker's mounting losses.

France’s leading automaker, PSA Peugeot-Citroen, announced it had ousted CEO Christian Streiff, following an emergency meeting of its board of directors, Sunday, citing the industry’s “exceptional difficulties” for forcing the change in top management.

PSA will turn to Roland Vardanega, a member of its three-man board, to manage things until June 11, when the company will bring in a new, outside CEO. The new Chief Executive is the 56-year-old Philippe Varin, who previously led turnarounds in the steel and aluminum industries. (more…)