TOGLIATTI, Russia (June 23, 2016) -- AVTOVAZ elected new board members Thursday at its annual general shareholder meeting.
The following were elected to the Board of the Directors for the first time:
The following directors continue to serve on the Board of Directors of AVTOVAZ:
At the board meeting following the annual shareholder meeting, Sergey Skvortsov, Deputy General Director of Rostec, was elected as Chairman of the Board of AVTOVAZ. Denis Le Vot was elected as Vice Chairman.
Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, and Sergey Chemezov, Rostec’s CEO, will continue to play an active role in the company’s strategy through Alliance Rostec Auto BV, the holding company that is the majority stakeholder of AVTOVAZ.
The Renault-Nissan Alliance has 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.
The AVTOVAZ Board of Directors reviewed the company’s midterm plan, which aims to achieve a 20 percent share in Russia’s automotive market, to increase exports and drive all necessary actions for the company’s financial recovery.
Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, and Sergey Chemezov, Rostec’s CEO, will continue to play an active role in the company’s strategy through Alliance Rostec Auto BV, the holding company that is the majority stakeholder of AVTOVAZ.
The Renault-Nissan Alliance has 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.
The AVTOVAZ Board of Directors reviewed the company’s midterm plan, which aims to achieve a 20 percent share in Russia’s automotive market, to increase exports and drive all necessary actions for the company’s financial recovery.
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