Yves Karakatsanis became President of "AVTOVAZ"

1 June 2018

He will focus on cost reduction and export

From June 1 as President of "AVTOVAZ" was entered by Yves Karakatsanis. Information about his utverzhdenii was announced in April. Two months before, in February 2018, the head of Rostec Sergey Chemezov announced the imminent withdrawal Nicolas Mora with this post.

Here's what he said himself, Nicolas Moore in connection with the start of authority Karakatsanis: "I welcome Mr Karakatsanis in his new position. AVTOVAZ and Lada brand today are in much better condition than two years ago. But, nevertheless, we have some very big way in order to achieve all our goals. Gospodin of Karakatsanis will lead the process of implementation of our medium-term plan, to develop the LADA brand and the Company to further strengthen our leading position in the Russian automotive market, to increase export volumes and to the continuous improvement in the profitability of the Company. I am sure that the successful experience of Mr. Karakatsanis and high competence will bring a worthy contribution to further development of the Group "AVTOVAZ".

service Life of two years

It is noteworthy that all of the past presidents of the largest domestic automaker ran the company for two years. It all started with Bo Andersson: Swedish top Manager was President from 2014 to 2016.

With Andersson have the most significant reorganization in the company. Under his leadership, was developed by Vesta, which became the first fundamentally new company car for the last couple of decades. In addition, the Swede struggled to improve the quality, so the mass refused from Russian suppliers in favor of foreign.

On the background of the crisis in 2014 and the devaluation of the ruble all this could not affect the company's financial position: debt of "AVTOVAZ" began to grow like a snowball. In the end, the loss reached record values. Not least because of this, Bo Andersson, it was decided to shift.

To remedy the disastrous situation of the company was Nicolas Moore. The period of his reign is not remembered loud reforms, but the numbers speak for themselves: under his leadership, the net loss decreased from 44.8 billion rubles in 2016 to 9.66 billion in 2017. in February 2018 Mohr said that the company will be able to go on the net profit by 2020.

Now Nicolas Mohr was appointed COO of the Eurasia region and senior Vice President of Renault.

Whence came Eve Caracatsanis

Almost all career Karakatsanis IVA, born in 1964 in France, is linked to Renault. Until 1992, he worked in companies Bossard Consultants and Hewlett Packard, after which he became the project Manager for logistics at Renault. In 1995, Yves moved to the position of superintendent production Assembly. In 2005 he was appointed senior Vice-President of Groupe Renault in the development of prototypes.

In 2010, Karakatsanis was promoted to senior Vice-President of Groupe Renault's global supply chain. And from April 2016, he served as General Director of Groupe Renault Romania and General Director of Automobile Dacia SA.

It is noteworthy that before Karakatsanis General Director of Dacia and Renault in Romania was Nicolas Moore. It seems that the Renault-Nissan Alliance formed a stable turnover of staff.

It is expected that Yves Karakatsanis will focus on cost reduction and the promotion of Lada cars in foreign markets.

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