PSA/Peugeot-Citroen has narrowed the search for a new supervisory board chairman to ex-Airbus Group CEO Louis Gallois and former Nexans CEO Gerard Hauser, a person familiar with the matter said.

The post is currently held by Thierry Peugeot. The selection of a new chairman is part of a broader governance reorganization at PSA that will result in the Peugeot family’s board seats being reduced to two from four.

The French state and Dongfeng Motor Corp., which have agreed to buy 14 percent stakes apiece in Europe’s second-largest automaker, will also each have two seats.

Gallois and Hauser have already traveled to China to meet with Dongfeng, the person said.

Gallois, who already sits on the PSA board as the French government’s representative and is supported by President Francois Hollande, is seen as the leading candidate, the person said.

The Peugeot family has decided that its two main holding companies — EPF and FFP — will represent it on the board, the person said. FFP is currently run by Robert Peugeot, while EPF is headed by Jean-Philippe Peugeot.

A decision on whether the two cousins, who already sit on the board, will continue their mandates has yet to be reached, the person said.

PSA’s board will meet March 18 to make the final decision, the person said.