Bo Andersson (businessman)

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Bo Andersson
Bo Andersson Meets With King Carl XVI Gustaf of Sweden (cropped).jpg
Bo Inge Andersson (2012)
Born
Bo Inge Andersson

(1955-10-16) 16 October 1955 (age 69)
Falkenberg, Sweden
Education Stockholm University
OccupationBusinessman

Bo Inge Andersson (born 16 October 1955) is a Swedish businessman, and former officer and diplomat. [1]

Contents

Bo Andersson is currently the CEO of UzAuto Motors, a state-owned automotive manufacturer in Uzbekistan. He founded Ivanhoe IV, an investment company where he is president.

Prior to UzAuto Motors, Bo Andersson's career included roles at Saab Automobile, General Motors, GAZ Group. Avtovaz and Yazaki. [2]

Education

Bo Inge Andersson grew up in the south of Sweden. He graduated from the Swedish Army Academy and then served in the army. He left the military with the rank of Major. [3] Andersson received a bachelor's degree from Stockholm University and completed the Advanced Management Program (AMP) at Harvard Business School. [3]

Career

General Motors

Andersson began his business career in 1987 as a purchasing manager in Saab Automotive AB where in 1990 he was promoted to the Vice-President of Saab Purchasing. In 1993 he moved to Detroit to work at the position of Executive Director of Electrical Purchasing Group at General Motors (GM). A year later he was appointed Executive Director of Chemicals Purchasing Group for GM and worked in this position for three years. In 1997 he moved to Germany to hold position of Vice-President for Purchasing in Europe. [4] In 2001 Andersson became part of GM top management, working as Vice-President for Purchasing worldwide until 2007, when he became Vice-President of Global Purchasing and Supply Chain. [4] Andersson held this position until 2009, when he was recruited by GAZ Group.

GAZ Group

Andersson left GM in 2009 and became an advisor to Oleg Deripaska (a Russian industrial tycoon) and a board member of GAZ Group – including the oldest automotive plant in Russia and the largest manufacturer of light commercial vehicles, buses and off-road heavy trucks. [5]

Andersson became the president of GAZ Group on August 7, 2009, with the primary goal of turning around the loss-making company. During his five years at GAZ, he managed to turn a loss of 30.5 billion rubles (approx. $1 billion USD) in 2008, [6] into a profit of 8.8 billion rubles in 2012. [7] Profit improvement was, among other things, attributed to the down-sizing of 50,000 employees, [8] the successful launch of next generation light commercial vehicle (GAZelle Next) and a four-fold improvement in productivity.

AVTOVAZ

On November 5, 2013, Bo Andersson was appointed the President of JSC AVTOVAZ the largest Russian car manufacturer which produced old fashioned Lada branded vehicles and was losing market share. [9] The Swedish manager has become the first foreign president of the company. [10]

Andersson announced his resignation on the 17 February 2016. He agreed to remain in his role until April 3 to support the transition to new leadership. From April 2016, Bo Andersson was the CEO of Bo Group Enterprises. [11] [12]

Yazaki

From July 2017 through April 2021, Andersson was president of Yazaki Europe. In March 2018, he was named President & CEO of Yazaki North & Central America. This is in addition to his role as President of Yazaki Europe, which he has held since July 2017. He was responsible for 129 locations, in 28 countries, 140,000 team members and more than $8 billion in revenue. [13] He was also head of Yazaki's Global Purchasing organization.

From April to June 2021, Andersson was senior executive advisor to Yazaki Europe & Africa and North & Central America, to support the transition to the new leadership. [14] Yazaki is the world's largest producer of electrical wiring harnesses for the automotive industry. [14]

UzAuto Motors

Andersson was appointed CEO of UzAuto Motors and UzAuto Motors Powertrain – the largest manufacturing subsidiaries of UzAvtoSanoat in August 2021. UzAvtoSanoat is owned by Uzbekistan's government, and produces Chevrolet vehicles under a technical license agreement with GM. [15]

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References

  1. "Svensken som rattar Putins bilfabrik". Dagens Nyheter. 27 March 2015. Retrieved 27 March 2015.
  2. "AvtoVAZ appoints ex-GM executive Andersson as first non-Russian chief". europe.autonews.com. Automotive News Europe. 5 November 2013. Retrieved 6 November 2013.
  3. 1 2 "Rostec :: News :: 100 days at AvtoVAZ". rostec.ru. Archived from the original on 1 March 2020. Retrieved 28 February 2016.
  4. 1 2 "Q&A: Bo Andersson Joined GAZ to Flee Detroit Stardom | News". The Moscow Times. Retrieved 29 February 2016.
  5. "Общая информация". gazgroup.ru. Archived from the original on 7 March 2016. Retrieved 29 February 2016.
  6. GAZ Group Investor Relations. "Annual Report 2008". GAZ Group. Archived from the original on 4 March 2016.
  7. GAZ Group Investor Relations. "Annual Report 2009". GAZ Group. Archived from the original on 5 April 2016.
  8. Fröberg, Jonas (27 June 2012). ""He fired 50,000 employees"". SvD Näringsliv.
  9. "AvtoVAZ CEO Bo Andersson aims to restore pride to Lada". Automotive News. 29 July 2014. Retrieved 28 February 2016.
  10. Foy, Henry (17 October 2013). "Bo Andersson becomes first foreign head of Avtovaz". Financial Times. ISSN   0307-1766 . Retrieved 1 March 2016.
  11. "Глава "АвтоВАЗа" Бу Андерссон подал заявление об отставке еще 17 февраля". Газета.Ru. Retrieved 3 April 2016.
  12. "Пресс-центр ОАО "АВТОВАЗ"". company.avtovaz.ru. Archived from the original on 21 April 2016. Retrieved 3 April 2016.
  13. "YAZAKI press release". yazaki-na.com. 3 March 2018.
  14. 1 2 "Former GM Exec Bo Andersson To Lead Yazaki Europe".
  15. Moore, C.J. (24 August 2021). "Industry veteran Bo Andersson appointed CEO of UzAuto Motors". Automotive News . Archived from the original on 24 August 2021.