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Sanofi poaches former PSA finance boss Chasseloup de Chatillon

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Sanofi poaches former PSA finance boss Chasseloup de Chatillon

Sanofi poaches former PSA finance boss Chasseloup de Chatillon
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PARIS (Reuters) - French drugmaker Sanofi <SASY.PA> announced it had hired Jean-Baptiste Chasseloup de Chatillon, the former chief financial officer at carmaker and Peugeot-manufacturer PSA <PEUP.PA>, 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)

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