Tuesday, March 15, 2016

As CEO of Renault in Romania, headed by “AvtoVAZ” – RIA Novosti

MOSCOW, March 15 -. RIA Novosti “AvtoVAZ” the Board of Directors on Tuesday received the expected resignation of President Bo Andersson and chose the director general of the Renault group in Romania Nicolas Mora, the new head of the group. The new president of the Volga Automobile Plant will increase sales in Russia to find a compromise with Russian suppliers and increase exports, experts say.

Officially Andersson will leave the automaker on 4 April. Swedish top manager applied for the dismissal of another 17 of February, said earlier source RIA Novosti.

Carlos Ghosn, Chairman of the Board of Directors of “AvtoVAZ” and the president of the alliance Renault-Nissan, which owns a controlling stake in Alliance Rostec Auto BV, said, that with the advent of Mora company plans to continue to follow the chosen strategy. According to the CEO of the state corporation “Rostec” Sergei Chemezov, to “AvtoVAZ” is to build a highly competitive product, increase market share, as well as to provide an effective process for loading Russian production component base.

The head of Industry and Trade Denis Manturov, in turn, also said the main task of the new head of “AvtoVAZ” orientation to the Russian component suppliers in order to minimize the cost of vehicle production. The head of the department stressed that the individual “tools of a financial nature” to “AvtoVAZ” is not provided, and the potential of the support measures will be discussed with the owner of a controlling stake -. Renault-Nissan Alliance

The Swede did not help

Andersson directed the Volga car factory just over two years – from January 2014. Previously, he headed the “GAZ Group”, and before that for a long time worked in various divisions of the company General Motors.

The first criticism of the head of a foreign voiced in the pages of the Volga media when the president of “AvtoVAZ” in the framework of the program on cost reduction launched in February 2014 on the process of optimization of staff. During the year, with the auto giant by agreement between the parties about 6 thousand people were laid off, have not less than 1.1 thousand – in 2015.

At the end of last year, has expressed dissatisfaction with the work Andersson Chemezov, explaining that the president’s shareholder policy is not satisfied. ” AvtoVAZ “in relation to job cuts. According to Chemezov, the management company should be careful to dismiss and to seek a compromise with local authorities and the Ministry of Labour in terms of employment of these people.

In addition, the “AvtoVAZ” was a record loss under IFRS for 2015 in the amount of almost 74 billion rubles, having increased it three times as compared with 2014. The auditor of the company E & amp; Y in the report even expressed doubts about the company’s ability to continue as a going concern on the background of the loss and the size of short-term liabilities, which at 67.8 billion rubles exceeded current assets Plant

However, according to an analyst at VTB Capital. Vladimir Bespalov, loss of the company could only partially contribute to the care Andersson main reason were the difference between the president’s vision of “AvtoVAZ” and the shareholders with regard to the withdrawal of the company from the crisis.

Hope for the Frenchman

President-Elect “AvtoVAZ” Mora 55 years, at the moment he is the general director of Renault in Romania, where he manages all commercial and industrial activities of the company. At the same time, he has served as president and CEO of the company Automobile Dacia SA.

Prior to joining Renault in 2000, Moore worked in the production of automotive parts companies such as Faurecia and Valeo. Location Mora at the post of the General Director Renault in Romania since April 4, will take the executive director of production and logistics for the region of Eurasia Group Yves Renault Karakatzanis.

According to the executive director of the analytical agency “AUTOSTAT” Sergei removed, can occur in the future division of responsibilities between the president of “AvtoVAZ” and the chairman of the board of directors. “Andersson largely take responsibility for themselves, brought up on myself operations and strategy, is now the president’s powers can be divided”, -. Says expert

The problem of “Rostec” in this context, according to UDALOVA – not prevent the strengthening of the foreign

component base in production. According Bespalov, fundamental changes in the company will not. “AvtoVAZ” is necessary to increase sales – and in this sense the new appointment in some way will help to ensure that Nicolas Moore in collaboration with Renault and Nissan will increase the export, because the Russian market is not open great opportunities. Then, I think, the policy cost optimization will be continued. The staff, I think, will not be reduced, will be a natural decline, targeted reductions would not be “, – says the analyst

According to him, for the automobile it is very important to maintain the quality and features of the two new models that. “AvtoVAZ” brought to market, the more that they are positioned as a model, which can improve the image of the company.

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