PSA Names New Peugeot Chief

PSA Peugeot Citroen has appointed Maxime Picat, head of its Chinese joint venture, to become managing director for the Peugeot brand on Oct. 1.

He will succeed Vincent Rambaud, who is leaving the company after 10 years.

Picat joined PSA in 1998 and held several manufacturing jobs in France before being dispatched to China. He was named deputy chief of the joint venture with Dongfeng Motor Corp. a year later and became the venture's managing director last year.