In August, the career of Carlos Tavares, 55, looked in jeopardy when the COO of Renault mused to Bloomberg News that he would like to be CEO of General Motors or Ford.
Tavares said he wanted to run another auto company because Renault CEO Carlos Ghosn, 59, planned to stay for the foreseeable future.
The comments made him look overly ambitious and out of touch. He left Renault soon after the interview.
But last week Tavares was back. Money-losing PSA Peugeot Citroen hired Tavares as CEO, replacing Philippe Varin, 61. The effective date was not disclosed.
"He's a very ambitious man," said Christian Lafaye, a union leader at PSA. "I guess that if he wants to come to Peugeot, he will want to show that he's able to turn around the company. This could be a good thing."