Sanofi hires former PSA finance chief de Chatillon

PARIS, June 25 (Reuters): French drugmaker Sanofi announced it had hired former chief financial officer of carmaker and Peugeot-manufacturer at PSA Jean-Baptiste Chasseloup de Chatillon.

Chasseloup de Chatillon had helped oversee a revival in PSA's fortunes.

Sanofi said Chasseloup de Chatillon would become its executive vice-president and chief financial officer.

His position will take effect at Sanofi on October 1 this year.

He will replace 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.