PARIS, June 19 (Reuters) - French drugmaker Sanofi announced it had hired Jean-Baptiste Chasseloup de Chatillon, the former chief financial officer at carmaker and Peugeot-manufacturer PSA, to take up a similar position within Sanofi.
Sanofi said Chasseloup de Chatillon would become its executive vice-president and chief financial officer, with his position taking effect on October 1, replacing Jerome Contamine who will be retiring.
“Jean-Baptiste is an experienced CFO who has been part of the impressive turnaround of PSA Group,” said Sanofi chief executive Olivier Brandicourt in a statement.
PSA had posted a series of record earnings results over the last two years, having rebounded from a 2012 brush with bankruptcy. (Reporting by Sudip Kar-Gupta; Editing by Bate Felix)