Mr Bo Andersson president and CEO of GAZ Group which is a part of Basic Element one of the Russia’s largest diversified industrial groups, has been honored with the 2012 Automotive Supply Chain Outstanding Achievement award 2012.
Mr Andersson received the honor at the Automotive Supply Chain Global Awards Gala Dinner in Frankfurt. He was recognized for his leadership in guiding GAZ back to financial health and securing the company’s position as Russia’s leading light commercial vehicle manufacturer. In particular, Mr Andersson was praised for driving through a radical new strategy for the business at a challenging time for the global economy.
Mr Sam Ogle Managing Editor of Automotive Supply Chain said that “This award is recognition of the efforts Mr Bo Andersson has made since he took over GAZ Group. The turnaround has been remarkable. For all us in the automotive industry we’re delighted to see such an iconic Russian brand rebound. It’s exciting to think about where the company is going as it pursues an ambitious growth strategy.”
Mr Andersson joined GAZ Group in 2009. Under his guidance new production strategy was implemented and GAZ Group has delivered impressive financial results. In H1 2012, the company more than doubled year-on-year net profit which has enabled it to significantly increase investment in new projects. Under Mr Andersson’s guidance GAZ has established cooperation with leading international automakers such as Volkswagen, General Motors and Daimler to manufacture vehicles at GAZ facilities. In August 2012 the company presented the GAZelle NEXT new generation of light commercial vehicle to be launched on the market in March 2013. This new product was designed and engineered in house, it will broaden the selection of GAZ vehicles for the Russian market and will be a key focus for the company’s expansion into export markets.
Mr Bo Andersson said that “I am honored to receive this award. This recognition reaffirms GAZ's leading market position in Russia and its potential for growth in export markets. Despite a challenging economic environment, GAZ has led the way in the Russian automotive sector, forging key partnerships and posting substantive profits to help drive growth forward. This accolade is a reflection of our team’s dedication and professionalism and has only been achieved because of their positive and ambitious attitude.”