REPORT: Ex-GM VP Bo Andersson to run Russia's GAZ
Bo Andersson was General Motors' global purchasing group vice president up until last Friday, when he suddenly resigned without warning. Now, we appear to know why he left – Automotive News is reporting that Andersson will become CEO of GAZ, the Russian consumer and military vehicle maker. As you may recall, GAZ is involved by proxy in the purchase of Opel, since Russian bank Sberbank is GAZ's largest investor and Magna's partner in the pending deal for Opel. With Andersson at the helm, GAZ would have a European automotive industry insider (he also spent time at Saab) and a known cost-cutter and dealmaker. As a result, AN speculates that Andersson could end up playing a key role in the revival of Opel's fortunes.
Andersson's installation as CEO is not a done deal just yet – he still must still be formally voted in by the GAZ board.
[Source: Automotive News, sub req'd]
Reader Comments (Page 1 of 1)
Mr.Oak 9:15AM (6/16/2009)
Good for them, hope they live happily ever after.
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Craig 9:43AM (6/16/2009)
Adam Baldwin works for GAZ?
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Craig 9:45AM (6/16/2009)
Crap - I meant to say Alec Baldwin.
nailz420 10:29AM (6/16/2009)
back to building sebrings
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Frank 11:47AM (6/16/2009)
At least their Sebrings (last generation) are better than ours.
Richard S. 10:49AM (6/16/2009)
He will enjoy the Vodka-vending machines in the factory floor.
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Henry 11:04AM (6/16/2009)
Andersson developed a reputation in the industry for being very tough, but fair and absolutely legal. This will be interesting given Russia’s reputation for corruption and bribery of officials.
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vf34wrx 12:14PM (6/16/2009)
how does Chairman Putin feel about zis...da?
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Orville 12:45PM (6/16/2009)
The bank is called Sberbank, not Sherbank.
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