Renault-Nissan Alliance Executives Elected to Avtovaz Board of Directors at Annual General Shareholders Meeting

Automotive Press Releases Monday July 3, 2017 09:09
PARIS--3 Jul--PRNewswire/InfoQuest
  • The 2016 Annual Report of PJSC "AVTOVAZ" and the new composition of its Board of Directors have been approved.
-AVTOVAZ Group on track to financial recovery in 2018.
Executives from the Renault-Nissan Alliance were elected to AVTOVAZ Board of Directors during its Annual General Shareholders Meeting which took place in Togliatti (Russia) today.
(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

The Board elections coincided with a financial update by AVTOVAZ at the Shareholders Meeting, where the company confirmed that it is on track towards a financial recovery in 2018. The turnaround strategy was endorsed at a meeting of the AVTOVAZ Board today.

The following individuals were elected to the Board of Directors of AVTOVAZ:
  • Gaspar Gascon Abellan, Executive Vice President Engineering, Groupe Renault;
  • Jose Vicente de Los Mozos, Executive Vice-President Group Manufacturing and Logistics, Groupe Renault;
  • Jerome Olive, Executive Vice President Manufacturing Engineering and Supply Chain Management, Renault-Nissan Alliance;
  • Thierry Pieton, Senior Vice President, Group Financial Control, Groupe Renault.
The following individuals were re-confirmed as Members of the Board of Directors of AVTOVAZ:
  • Sergei Skvortsov, Chairman of the Board of Directors of the Company;
  • Denis Le Vot, Senior Vice President, Chairman of Eurasia Region, Groupe Renault, Vice Chairman of the Board of Directors of the Company;
  • Vladimir Avitesyan, Deputy Chairman of the Board, UK ROSNANO;
  • Thierry Bollore, Executive Vice President, Chief Competitive Officer, Groupe Renault;
  • Sergei Kogogin, Chief Executive Officer of PJSC "KAMAZ";
  • Nicolas Maure, President of PJSC "AVTOVAZ";
  • Stefan Mueller, Executive Vice President, Chief Performance Officer, Groupe Renault;
  • Andrei Sapelin, General Director, JSC "RT-Finance";
  • Eduard Vaino, Vice President for Government and Shareholder Relations, PJSC "AVTOVAZ".
  • Sergei Zaitsev, Chairman Trade Union of PJSC "AVTOVAZ";
  • Igor Zavyalov, Deputy General Director, Rostec State Corporation.

At a meeting of the Board today, the company's Directors confirmed the objective of reaching operating profit break-even in 2018 and approved the development roadmap for the Lada brand. The Board also heard that the performance of AVTOVAZ Group in first quarter 2017 signaled that the company was making progress towards a financial recovery in 2018.

The Renault-Nissan Alliance holds a majority stake in Alliance Rostec Auto BV. Vehicles carrying the Renault, Nissan, Datsun and Lada brands are built in Togliatti and at other plants throughout Russia.
For the entire Press release please click here:
http://www.media.blog.alliance-renault-nissan.com/news/6607
Source: Renault-Nissan Alliance

Latest Press Release

Mazda maintains sales momentum with 24,000 units sales during first 6 months new technologies hit the spot, over 51,000 units expected for 2017

Mazda Sales (Thailand) Co. Ltd. has announced business results for the first half of 2017. With 4 new models launched since the start of the year, Mazda sold a total of 24,000 vehicles during the first 6 months, registering a 13% growth. With extremely...

One2car.com Launches New App

One2car.com, the largest and most trusted website for new and used cars in Thailand and part of iCar Asia Thailand, has developed an all-new, all-in-one app for car users, One2Car (O2C). Featuring chatting capabilities, the aim is to create a totally...

Mazda celebrates 100,000 units SKYACTIV sales Thank you campaign chance to win daily Bht.100,000

Mazda Sales (Thailand) Co. Ltd. has sold over 100,000th SKYACTIV vehicle in Thailand and now celebrating the outstanding achievement by launch special campaign to thank customers. Customers who books any Mazda vehicles during July 8 - 27 will have chance...

Honda still ranked No. 1 for sales in the passenger car market for the first half of 2017

Honda Automobile (Thailand) Co., Ltd. announced its total sales in the passenger car market for the first half of 2017. Honda still remains in the number one position, with a total of 61,428 units sold during this period. Total sales so far this year are...

Mitsubishi Motors expands the accomplishment of New Triton Limited Edition by additionally offering 4WD model line-up

Mitsubishi Motors (Thailand) Co., Ltd. has emphasized on the accomplishment of Mitsubishi New Triton Limited Edition, tough bravery pick-up truck by offering new grade, Double Cab 4WD 2.4L MIVEC GLS-LTD NAVI 5AT Limited Edition as another additional...

Related Topics