Bo Andersson, a former top executive that worked for General Motors, has been nominated to be the first foreign president of Russia’s largest carmaker, OAO AvtoVAZ, which is being taken over next year by Renault-Nissan.
Andersson, a 58-year-old Swede, would thus become the most prominent foreign executive in the country, leading the largest biggest manufacturing facility in the world, where around 70,000 employees churn out more than half a million vehicles annually.
Renault’s CEO Chairman Carlos Ghosn and Sergey Chemezov, the head of Russia’s state defense corporation which owns a third of the car maker have made the nomination – which makes it virtually ratified already – the company’s next board meeting in early November would just be formally acknowledging it, according to sources with knowledge of the matter.
Andersson declined any comment, only saying through his assistant that it was “premature” to discuss a move before the board meeting. Andersson would move to succeed Igor Komarov, who led AvtoVAZ since 2009, but announced his resignation on Wednesday. Russian media has reported that he will soon take charge of the newly created United Rocket and Space Corporation, part of Russia’s effort to restart its space program, although he also declined to comment on future implications.
Via The Wall Street Journal