FormerCo. purchasing chief Bo Andersson has been tapped to serve as chairman of the board of directors at Russian vehicle maker OJSC .
Andersson, 53, who resigned from GM last month, was elected to his new position during a meeting ofshareholders today.
In a statement, Oleg Deripaska, chairman of Bazovy Element, which controls GAZ, says Anderssonâ€™s appointment is in preparation for the future.
â€śOur goal is not only to survive the (global economic) crisis but also come out with new products and better quality,â€ť he says. â€śWe expect Mr. Andersson to implement this strategy, and as a working chairman he will also be responsible for day-to-day operations.â€ť
Ironically, Andersson could play a role in the future of GMâ€™s German subsidiary Adam Opel GmbH should it be acquired by a consortium led by Canadian supplierInternational Inc. and including Russian lender OAO Sberbank.
If, the German governmentâ€™s preferred candidate, concludes the deal to acquire Opel, GAZ will serve as one of the newly constituted auto makerâ€™s industrial partner in Russia. Plans include launch of an Opel Corsa-based entry-level car within about 24 months at GAZ operations in Nizhny Novgorod.
GM, which has set a July 20 deadline for Opel bids in Germany, now says it favors Belgium-based investment firm RHJ International to buy Opel.
Andersson in a statement says he looks forward to leading GAZ. â€śI have seen firsthand the pride and determination of the staff at GAZ to make this company an automotive powerhouse,â€ť he says.