PARIS -- Valeo has announced the appointment of Robert Charvier as chief financial officer (CFO).

With this appointment, the group has streamlined its finance department by regrouping financial control with financial affairs and strategic operations. It reinforces the senior management team around CEO Jacques Aschenbroich and follows the October appointment of Edouard de Pirey as vice-president corporate strategy and planning. Vincent Marcel, formerly vice-president financial affairs and strategic operations, becomes vice-president 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,” Aschenbroich said.

Charvier, 51, began his career with Rhône Poulenc in 1983. In 1997, he was appointed finance director of Rhodia’s Fine Organics Division. In 1999, he joined Valeo’s Finance Department and was appointed group financial controller in 2007.