Renault Nissan chief Carlos Ghosn has taken on the chairmanship of the new AvtoVAZ board of directors which has been increased from 12 to 15 members, including eight people from the Alliance.
Previous chairman Sergey Chemezov, head of Russian Technologies State Corporation, becomes vice chairman.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The move was made at the request of Russian Technologies State Corporation and will enable closer, faster integration and technology transfer among Renault, Nissan and the AvtoVAZ. The Alliance is now the largest shareholder in the joint venture that has a controlling interest in the Russian carmaker which will remain an independent company under local management.
Ghosn said: “The Alliance is committed to providing the resources and expertise necessary to transform AVTOVAZ into a world-class car manufacturer.”
Looking to increase Lada’s market share, AvtoVAZ’s product offensive is already underway with the recently launched new Kalina, Granta and Largus. The Granta has been Russia’s top selling model for the past 9 months.
The Largus was the first car to launch on the newly modernized B0 line in Togliatti, and in a survey of more than a million Russian drivers, it was voted Minivan of the Year.
