MUNICH -- French auto parts supplier Valeo has named Robert Charvier its chief financial officer as part of a streamlining of its finance department.
Three jobs at the company -- financial control, financial affairs and strategic operations – will be regrouped and run by Charvier, who has been Valeo's financial controller since 2007.
Charvier, 51, adds the financial affairs and strategic operations roles from Vincent Marcel, 48, who is now Valeo's vice president of special projects.
“By regrouping all financial functions under Robert Charvier's responsibility, the group will be better organized to achieve its profitable growth strategy in the years to come,” Valeo CEO Jacques Aschenbroich said in a statement.
Last July, Valeo simplified its organizational structure by reducing 11 branches into four business groups: comfort and detection systems, powertrain systems, thermal systems and visibility systems.
Charvier joined Valeo's finance department in 1999. Prior to that he was finance director at a unit of French chemicals specialist Rhodia SA.
Valeo ranks No. 15 on the Automotive News Europe list of the top 100 global suppliers, with sales to automakers of about $10.33 billion in 2008.
