Nissan-Renault CEO is Ghosn, Ghosn, Gone From AvtoVAZ Board

Steph Willems
by Steph Willems
nissan renault ceo is ghosn ghosn gone from avtovaz board

The Russian automaker that manufactures Lada vehicles won’t see Carlos Ghosn at its board meetings after this June.

The Renault-Nissan CEO and chairman is expected to be replaced as chairman of AvtoVAZ at the company’s June 23 shareholders meeting, the automaker has stated, with Dr. Serguey Skvortsov taking his place.

Ghosn remains the chairman of Alliance Rostec Auto BV, the holding company that controls AvtoVAZ. Renault-Nissan bought a majority stake in the company, which is a joint venture with Russian Technologies, in 2012.

“Both Ghosn and Sergey Chemezov, Rostec’s CEO, will continue to play an active role in AvtoVAZ’s strategy moving forward,” stated Renault-Nissan in a release.

The board shakeup comes at a tumultuous time for Russia’s largest vehicle manufacturer. A protracted recession caused by tumbling oil prices, sanctions and a falling ruble has left that country’s auto industry in shambles. New vehicle sales were down 36 percent in 2015 and are expected to drop even further this year, while foreign automakers are pulling up stakes and leaving.

AvtoVAZ lost its former CEO, Bo Andersson, in March following news of a $1 billion loss and controversy over layoffs. Nicolas Maure, former head of Dacia and Renault’s managing director for Romanian operations, replaced him on April 4.

Skvortsov, AvtoVAZ’s new chairman, is Rostec’s deputy general and industrial director, and is credited with persuading Renault-Nissan to join the partnership.

[Image: Nissan]

Join the conversation
  • Corey Lewis Corey Lewis on Apr 18, 2016

    Frend,. You know what they say, "What Ghosn around comes around.-." Like a tire of a Lada, they always end up where they did the starting again. I am sure Carl-os has lot of other works anyhow, as president of Renault-Alliances. Good days- Grango R.

    • See 5 previous
    • Corey Lewis Corey Lewis on Apr 29, 2016

      @WildcatMatt I try and keep Grango at least a little bit relevant!

  • Gtem Gtem on Apr 18, 2016

    The 'silver lining' for AVTOVAZ in all of this economic mess is that they actually recaptured some market share from currency-affected imports. Most of my relatives drive/buy well worn used Japanese and German imports anyhow. I bet they wish they could still sell the Fiat-based "Klassika" line of cars (model numbers 2104/2105/2106/2107). Those sold like crazy in the recession of 2008-2009. They are a cheap, durable, and easy to fix 'known quantity.' Some of the higher end fwd models with a bunch of options simply introduce more components to inevitably fail or be built poorly.

  • Porschespeed Porschespeed on Apr 18, 2016

    I don't know if I'm, happy, I don't know if I'm sad...