The new head of “AVTOVAZ” became Nicolas Moore

The new head of “AVTOVAZ” became Nicolas Moore


MOSCOW, March 15. The new President of “AVTOVAZ” became the General Director and the President of the Romanian Dacia (subsidiary of Renault), Nicolas Moore, according to a press release “AVTOVAZ”.

“The decision comes into force on 4 April 2016, when Bo Inge Andersson will stop the execution of the duties”, – stated in the message.

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It is noted that currently Nicola Moore is the General Director of Renault in Romania, where he managed all commercial and production activities of the company. At the same time he holds the position of President – General Director of JSC Automobile Dacia SA.

To work in Renault Mohr was Vice President, operational excellence and Vice President of the purchasing organization of Alliance Renault-Nissan on power units. He headed the division responsible for production, purchasing, quality and after-sales service. In 2000 Nicola Moore worked in companies manufacturing automotive components, such as Faurecia and Valeo.

As stated by the General Director of Rostec Sergey Chemezov, as of today, “AVTOVAZ” should create a highly competitive product, increase market share and provide an effective process of downloading of the Russian production of the component base. “All of these tasks will be facing the new leader. We hope that he (Nicolas Moore – approx.) cope with them”, – he said.

Thus S. Chemezov has noted that “over the past seven years, the company underwent major changes, thanks to which seriously improved the quality of produced cars, were developed and manufactured new models, increased production efficiency”.

About Boo Anderson

The previous head of “AVTOVAZ” Bo Andersson joined the company in 2013. He continued the strategic restructuring of AVTOVAZ, which included the process of modernization, launching of new products and technology transfer. In 2015 year on the background of costs for launching new models, the auto market crisis, falling purchasing power and the devaluation of the ruble AVTOVAZ got a loss of 74 billion rubles. the Company also breached the covenants on contracts with banks 36.6 billion rubles and reported in the financial report that without the support of shareholders has the risk of suspension of its operations due to heavy losses and difficulties associated with the repayment of debt.

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In 2015 year on the background of costs for launching new models, the auto market crisis, falling purchasing power and the devaluation of the ruble AVTOVAZ got a loss in the amount of 74 billion rubles. the Company also breached the covenants on contracts with banks 36.6 billion rubles and reported in the financial report that without the support of shareholders has the risk of suspension of its operations due to heavy losses and difficulties associated with the repayment of debt.

The head of the rostec Corporation Sergei Chemezov, in an interview declared that considers Andersson found guilty of “AVTOVAZ” has suffered losses for 2015 in the amount of 74 billion rubles under IFRS. According to Chemezov, the error Andersson was the fact that he did not actively work with Russian suppliers and has entered into more expensive contracts with suppliers of the Alliance.