Alliance Rostec Auto BV today announced that Bo Inge Andersson, CEO of AVTOVAZ, plans to step down from the Russian automaker.
Andersson came out of early retirement in 2013 to lead AVTOVAZ.
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.
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.
