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PSA new chairman search narrows

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.