According to the Russian business newspaper Vedomosti, Carlos Ghosn, CEO of Nissan and Renault, and four other Renault managers will likely seat on AvtoVaz board.
“The ideology is — all board and management positions which have to do with technology and cost cutting will be granted to representatives of Renault, “ a source told the newspaper. Renault will take a 25% stake in the Russian car maker this year. Renault wants AvtoVAz to build the Logan and Megane intended to be sold on the Russian market.
Carlos Ghosn hopes to get a large pie of the Russian market which will become according to him the most important auto market in Europe within the next two years.
Source: Reuters
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