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

by Steph Willems

Published: April 18th, 2016

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]

#Alliance #AvtoVAZ #CarlosGhosn #Renault-Nissan #Russia #Sales

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9 comments

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.

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- 28-Cars-Later on Apr 18, 2016
  
  Grango, what do you think of the Nissan Leaf?
  
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- Corey Lewis on Apr 18, 2016
  
  @28-Cars-Later Freiend-= While the idea of a "EV electrical vehicles" is a good one, and you can get around town without brakcral-brakcral interrupt of engine noises, I think in Country like here it can be more of a inconvients thing to have. If there is a power-cut of time like when you are doing a charge over the night time, then in morning you press OK START on your LEAF, and it says "Ok customer, there are 3.1km's left here." You say "Wow,, guess I'm not "Working at the coal mine, going down" today (MoTown, ha ha!) And in a place like This Country, you will likely receieve pink paper coupon of "termination filing" afterward. So - I guess in The Land Of The Great America Power, Great Again (like Mr. Don say, I think) then is okay to have the EV Electronics Vehicles there. Regarded, G. Relago
  
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- JimZ on Apr 18, 2016
  
  @Corey Lewis I read your entire comment in the voice of those foreign guys on Family Guy.
  
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- Corey Lewis on Apr 18, 2016
  
  @JimZ (Ha ha, oh a funny joke! Ahhhhh)
  
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- WildcatMatt on Apr 29, 2016
  
  @Corey Lewis You know, there's actually an interesting point buried in there. Most people in the US have never worried about frequent power interruptions and take the power grid for granted. If one lived in a region where electrical distribution was less reliable, I can see that being a very real factor in EV adoption.
  
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- Corey Lewis on Apr 29, 2016
  
  @WildcatMatt I try and keep Grango at least a little bit relevant!
  
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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.

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Porschespeed on Apr 18, 2016

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

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