French Socialist Prime Minister Jean-Marc Ayrault has completed his first task on the job and named the new Cabinet.

Laurent Fabius, a veteran Socialist and former prime minister, is to be the new foreign minister, replacing conservative Alain Juppe.

Pierre Moscovici, President Francois Hollande's campaign director and a former minister for European affairs, will become finance minister.

Jean-Yves Le Drian, a friend of Hollande's, will head up the Defense Ministry.