Lada has ex-GM manager as new CEO image

As it deepens the relation with the Renault-Nissan alliance, OAO AvtoVAZ has put Bo Andersson, a former top purchasing manager at General Motors, as chief executive officer, the first non-Russian to head the maker of Lada cars.

Togliatti-based AvtoVAZ said today in a statement following a board meeting yesterday conducted by Renault-Nissan CEO Carlos Ghosn that Andersson, 58, will come to office on Dec. 31 and succeed Igor Komarov, who is leaving the industry.

“Our investments in Russia and specifically in AvtoVAZ will be a significant contributor to the overall global growth of the alliance,” Ghosn said in the statement. “Andersson is a talented and experienced automotive executive with a wealth of experience in key markets.”

Andersson, a Swedish national who’s now the CEO of Russian truck maker GAZ Group, is the first foreign-born leader of the country’s largest car producer since its founding 47 years ago during the Soviet Union.

The new CEO’s mission set by CEo Carlos Ghosn is a hard one: a 40 % combined market share in Russia for AvtoVAZ, Renault SA and Nissan Motor Co. by 2016. The French-Japanese alliance is currently in the process of purchasing 74.5 % of AvtoVAZ to achieve indirect control, under an agreement signed late last year .

Via Bloomberg