DETROIT -- Former General Motors purchasing chief Bo Andersson today was elected board chairman of Russian automaker GAZ Group.
Andersson, 53, told Automotive News that his title of chairman means that he is responsible for the day-to-day operations of the publicly traded GAZ. Last month he was named a consultant to Russian billionaire Oleg Deripaska, the head of GAZ.
The GAZ board met today to formally elect Andersson, the former GM group vice president for purchasing and supply chain, to the chairman post.
In a company statement, GAZ said Anderssons unique experience and expertise will be instrumental in radically raising the quality standards of company's automotive products, enhancing management efficiency and developing strategy for a new GAZ which would ensure the company's competitiveness in the long term.
GAZ has been involved in the purchase of Opel. Russian bank Sberbank is GAZ's largest investor and Magna International Inc.'s partner in the pending deal for Opel.
Andersson said he has so far visited 12 of the automakers 18 plants since he joined the automaker.
Andersson stepped down from his GM post on June 12. He was seen as instrumental in cutting $2 billion annually from the automaker's parts bill.
He was replaced by Robert Socia, 55, who has been executive vice president of Shanghai GM.