Peugeot's CEO prepares to step aside for Dongfeng deal - sources

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PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin (Reuters) PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin (Reuters)
SummaryVarin himself is leading hunt for a successor who has calibre and experience

of running a Dongfeng-PSA alliance the way (Renault CEO) Carlos Ghosn has transformed Nissan," the source said.

Tavares, 55, began his career at Renault in 1981 and moved to Nissan 23 years later as a programme director before going on to hold senior alliance roles such as chief of Nissan Americas, culminating with his stint as Ghosn's deputy at Renault.

Tavares, who could not be reached on Saturday, left Renault abruptly in August after saying publicly he would like to lead another carmaker. Inconclusive press reports have since linked him to high-level openings such as the CEO's job at luxury sports carmaker Aston Martin, succeeding Ulrich Bez.

The process of recruiting Varin's successor is "not far from a conclusion", one source close to the situation said, without identifying candidates.

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