Newly named PSA Peugeot Citroën managing board chairman, Christian Streiff has moved quickly to set up a new executive committee made up of the five members of the managing board and five vice presidents reporting directly to himself.

They are: Isabel Marey-Semper - strategy and innovation; Sylvie Rucar - finance and information systems; Jean-Luc Vergne - human resources; Jean-Claude Hanus - legal affairs, institutional relations and internal audit and Liliane Lacourt - corporate communications.

In addition to the executive committee, four operating units (China, Mercosur, purchasing and replacement parts) and the senior executives department will also report directly to the new chairman.

Streiff said in a statement: "This new streamlined, efficient organisation will ensure that the necessary decisions are taken without delay to swiftly restore our group to profitable growth."

Marey-Semper is a doctor of neuropharmacology and holds an MBA from the Collège des Ingénieurs. She was previously a member of the executive committee of the Thomson Group's technology division.

Rucar is a graduate of the Ecole Supérieure de Commerce de Paris business school and was previously vice president, finance and treasury, and a member of the PSA Peugeot Citroën vice presidents committee.

Vergne has a masters degree in public law and was previously vice president, employee relations and human resources, and a member of the PSA Peugeot Citroën executive committee.

Hanus is a graduate of the Institut de Droit des Affaires de Paris law school and holder of a PhD in law, and was previously vice president, legal affairs and a member of the PSA senior management team.

Lacourt has a post-graduate degree in applied economics from Paris IX Dauphine University and was previously vice president, corporate communications and a member of the senior management team.

Streiff details recovery plan