MOSCOW Nov 5 Russia's largest carmaker Avtovaz
has appointed former General Motors Co.
executive Bo Andersson as its first foreign boss.
Franco-Japanese alliance Renault-Nissan
plans to take control of Avtovaz, maker of Lada cars, in
Avtovaz said on Tuesday that Andersson, of Swedish origin,
would take over at the helm at the end of the year.
Andersson held a high-level position at General Motors,
responsible for the Detroit-based carmaker's global purchasing,
logistics and supply operations, before joining bus and truck
maker Gaz as chief executive in 2009.
He has been credited with turning around Gaz, with a
cost-cutting drive which increased profits. Gaz, part of tycoon
Oleg Deripaska's Basic Element group, declined immediate
Andersson replaces Avtovaz chief executive Igor Komarov, who
has run the company since 2009. Komarov is leaving to join
Russia's space agency.
Avtovaz chairman Carlos Ghosn, who is the head of Renault
and Nissan Motor, said in a statement that Renault-Nissan's
investment in Russia would contribute significantly to the
alliance's global growth.
Avtovaz in October reported it swung to a first-half net
loss as a slowdown in Russia's $2 trillion economy took a heavy
toll on demand.
Russian car sales have fallen for seven months in a row.
The Association of European Businesses (AEB) lobby group
recently cut its sales forecast for the full year to 2.8 million
vehicles, a fall of 5 percent year-on-year.