Alliance Rostec Auto BV has announced that Bo Inge Andersson, CEO of AVTOVAZ, plans to step down from the Russian automaker.
On November 5, 2013 Bo Andersson was appointed the President of JSC AVTOVAZ the largest Russian car manufacturer which produced old fashioned LADA branded vehicles and was losing market share.
He continued the strategic turnaround of AVTOVAZ and he focused on process modernisation, new product launches and technology transfers.
An AVTOVAZ Board of Directors’ meeting is scheduled on March 15 at which time the Board is expected to announce Andersson’s replacement. His successor will lead the turnaround into its next phase of operations.
Andersson was the first non-Russian CEO at AVTOVAZ.
The Renault-Nissan Alliance has a majority stake in Alliance Rostec Auto BV, a holding company that controls AVTOVAZ. Renault, Nissan and AVTOVAZ’s Lada brand build vehicles together in Togliatti and other plants throughout Russia.