VAZ got rid of publicity

1 July 2019

AVTOVAZ withdrew from public JSC non-public JSC in

Recently there was news that AVTOVAZ from OAO was just AO, i.e., changed the status of public joint-stock company for non-public. What follows from this? For consumers of its products – practically nothing. For journalists and analysts of the stock market and the automotive industry narrowed the database, which now, under its new status AVTOVAZ to publish is not required. Now financial information about the activities of the company were secret, if not for the seven seals, then at least a trade secret, to reveal that the manufacturer is now absolutely not have to. It is not required now to give the statistics (except Rosstat), if only does not consider it necessary for his image. Not obtain to reveal it now and personnel movement, and to convene a meeting of shareholders.
In General, the non-public status of the production and other companies is tailor-made for the current Russian business, which not so much is counting on foreign investment (which in turn without the publicity almost impossible), but fears sanctions prosecution of their assets and the assets of its partners. Hence, complete elimination in Russia such thing as IPO.
So amazing, the fact that AVTOVAZ withdrew from publicity (before he actually performed the role of the main indicator of the state of Affairs in the Russian automobile industry), and the fact that he did it much later than the other large commercial companies.
On the basis of what now will be analyzed the market condition of the Russian automotive industry (including the Assembly of foreign cars) is not clear. Whether our LADA and other cars with Russian VIN of higher quality – judge for yourself. In any case, the amount of state subsidies current automotive production, and even given also opaque initially Spiked, is actually equivalent to the state secret.
To date (Jun 14 2019) composition of the Board of Directors of JSC "AVTOVAZ" as follows:

Nicolas Mor (Nicolas Maure) – senior Vice President, Chairman of Eurasia region, Groupe Renault;
Sergey Skvortsov – Deputy Chairman of the Board of Directors, Executive Chairman, JSC "RT-invest";
Bruno Anselen – independent Director, former Executive Vice President of Groupe Renault;
Vladimir Avetisyan, Deputy Chairman of the Board of UK "RUSNANO";
Yves Karakatsanis – President of JSC "AVTOVAZ";
Gaspar Gascon of Abellan – Deputy Executive Vice President for engineering of the Alliance Renault-Nissan-Mitsubishi, member of the Executive Committee of the Renault Group (Groupe Renault);
Philip Zeoli (Philippe Jeol) – Director of partnerships and governance, Eurasia region, Renault's.a.s.;

Sergey Kogoghin – Director General of JSC "KAMAZ";
Murg Olivier (Olivier Murguet) – Executive Vice President, Groupe Renault, sales and regions;
Jerome Manar (Jérôme Moinard) – Vice-President of the Alliance for production, process engineering and supply chain of Eurasia;
Thierry Pieton – senior Vice President, effectiveness and control Groupe Renault;
Nikolai Tsekhomsky – first Deputy Chairman of Vnesheconombank;
Eduard Vaino, Vice President for external relations and interaction with shareholders of JSC "AVTOVAZ";
Igor Zavyalov – Deputy Director General on financial matters of the state Corporation rostec;
Sergey Zaytsev, Chairman of the primary trade Union organization of JSC "AVTOVAZ"..