Bo Andersson (businessman)

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Bo Andersson
Bo Andersson in 2015.jpg
Bo Andersson in 2015
Born Bo Inge Andersson
(1955-10-16) 16 October 1955 (age 62)
Falkenberg, Sweden
Residence Delray Beach, United States
Citizenship Swedish and US
Education Karlberg Military Academy, Armed Forces Staff And War College
Alma mater

Stockholm University

Harvard Business School
Occupation President of YAZAKI Europe
Years active 2017- present
Home town Falkenberg, Sweden
Board member of SSM , Stockholm 2016- Autoliv (2012 - 2013)
Children Felicia Andersson
Leonora Andersson

Bo Inge Andersson (born in Falkenberg, Sweden, 16 October 1955) is a former Swedish officer,[1] businessman and diplomat. He is currently President of YAZAKI Europe and North & Central America.[2] He is responsible for 129 locations, in 28 countries, 140,000 team members and more than $8 billion in revenue.[3] YAZAKI is the world's largest producer of electrical wiring solutions for the automotive industry.[2][2] Prior to Yazaki, Bo Andersson's career included roles as Head of Purchasing at SAAB, Head of Global Purchasing and Supply Chain at General Motors, CEO for the turn-around of GAZ Group, and as the first non-Russian Chief Executive Officer at AVTOVAZ, where he worked from December 2013 till 3 April 2016.[4] From April 2016 through June 2017, Bo Andersson worked as CEO of Bo Group Enterprises.[5] In July 2017, Bo Andersson was named President of YAZAKI Europe, and on March 3, 2018, he added the role of President of YAZAKI North & Central America.

Biography[edit]

Bo Inge Andersson grew up on the South of Sweden. He graduated from Swedish Army Academy and then served in the army. He left the military in the rank of Major.[6] Andersson received a bachelor's degree of Business Administration from Stockholm University and completed Top Management program at Harvard University.[6]

General Motors[edit]

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.[7] In 2001 Andersson became part of GM top management working as Vice-President for Purchasing worldwide till 2007 and as Vice-President of Global Purchasing and Supply Chain to 2009.[7]

Andersson left GM in 2009 and became an advisor to Oleg Deripaska (a Russian industrial tycoon) and a head of Board of Directors of GAZ Group - the oldest car plant in Russia and the largest manufacturer of light commercial vehicles, buses and off-road heavy trucks.[8]

GAZ Group[edit]

Andersson became the president of GAZ Group on August 7, 2009 with objective to combine development of company's strategy with running current operations. Main goal was to return the company to profitability.

During five years at GAZ, he managed to turn-around the business from losses of $1 Billion to consistent EBIT profits: 7,6% (2010), 8,8% (2011), 10,3% (2012).[9][10][11][12][13][14] In the Russian currency net profit changed from 30,5 bln RUR loss in 2008 to 8,8 bln RUR net profit for 2012.[15]

These results were achieved due to consistent reforms at GAZ Group conducted by Andersson:

- The company reduced headcount by 50,000

- Eliminated underperforming product lines, including classing GAZ Volga passenger car and specialty vehicles focusing on three primary product areas vs. seven in 2009

- Began profit-sharing program for all employees and established zero-tolerance policy for corruption

- Launched new models covering majority of product range, including first new LCV platform in 20 years

- Localized production of Volkswagen/Škoda, GM and Daimler at the GAZ plant

AVTOVAZ[edit]

On November 5, 2013 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.[16] The Swedish manager has become the first foreign president of the company. His objective in the new role was to regenerate the LADA brand.[17]

Among the key challenges for Andersson at the role of the president of AVTOVAZ was to improve company's product portfolio and increase brand attraction. Overall during first two years at his role as a president of AvtoVAZ the company launched 14 new vehicles: six new Lada branded vehicles and eight cars for Alliance Renault Nissan.[14] As at GAZ Group, Andersson was reforming company's business. It included:[18][19]

Vladimir Putin with Bo Andersson and Sergey Ivanov after test drive of Lada Vesta - October 2015

- Optimization of business processes, by reducing of levels of management from 9 to 5

- Standardized working places of employees to increase efficiency

- Optimization of headcount by 37% from 77,000 to 44,400 including reduction of white collars by 44% (16,000 to 8,900) and blue collars by 35% (from 54,100 to 35,400)

- Restructuring of business including selling or liquidation of ineffective subsidiaries and restructuring of supply base

- Changing company's corporate style including introduction of new Lada brand logo[20]

By manufacturing Alliance products on the same plant as traditional Lada cars AvtoVAZ could prove to the customers that the quality of the products suits high standards of international brands.[21]

In 2015 AVTOVAZ launched two brand new vehicles in two different plants - the Lada Vesta (Izhevsk) and the Lada XRAY (Togliatti) - first truly new models of the company in many years. New models were of a big success. In January 2016 only two month after start of sales Lada Vesta has become one of the top 10 best-selling cars in Russia, surpussing many of its competitors including Škoda Rapid.[22] First time in Lada history its car received a maximum crush test rating from "Avtoview" (4 stars ARCAP) marking the Lada Vesta one of the safest vehicles in its class in the Russian market.[23]

In 2015 Andersson was nominated for "Person of the year 2015" by Russian business newspaper Vedomosti for achievements in transferring "a giant governmentally owned enterprise" into a regular plant producing decent cars.[24]

Andersson announced his resignation on the 17th of February. He agreed to remain in his role until April 3 to support the transition to new leadership. From April 2016 Andersson is the CEO of Bo Group Enterprises.[5][25]

YAZAKI Company[edit]

Bo I. Andersson was elected President of YAZAKI Europe on 14 July 2017. On March 3, 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 is responsible for 129 locations, in 28 countries, 140,000 team members and more than $8 billion in revenue.[26]

Nominations[edit]

Bo Andersson with King Carl XVI of Sweden
  • Namnes "TOP-5 AUTO" in the category "Auto person of the Year" for his outstanding achievements in the field of car business in Russia in the year 2015[27]
  • Awardered Medal from President Kadyrov for important contribution to Republic of Chechnya 2015
  • Nominee for “Professional of the Year 2015” by Vedomosti in 2015[28]
  • “Contribution into integration of Russian car industry to World car industry” by the Russian International car Industry Forum in 2013[29]
  • Honorary Citizen of Nizhny Novgorod by Duma of Nizhny Novgorod in 2013[30]
  • Distinguished Service Citation by Automotive Hall of Fame (Detroit) in 2013[31]
  • Former Honorary Consul of the Kingdom of Sweden for Nizhny Novgorod in 2012[32]
  • “Automotive Supply Chain Outstanding Achievements” by Automotive Supply Chain in 2012[33]
  • “Automotive Executive of the Year” for Russia by Adam Smith Institute in 2011[34]
  • Emerging Market Executive Eurostar” by Automotive News Europe in 2011[35]
  • “Best Executive leader of 2010” by Adam Smith Institute in 2010[36]
  • “Best Market Newcomer” by Adam Smith Institute in 2009[37]

References[edit]

  1. ^ "Svensken som rattar Putins bilfabrik". Dagens Nyheter. March 27, 2015. Retrieved March 27, 2015. 
  2. ^ a b c "Former GM Exec Bo Andersson To Lead Yazaki Europe". 
  3. ^ "New Role at YAZAKI". yazaki-na.com. 
  4. ^ "AvtoVAZ appoints ex-GM executive Andersson as first non-Russian chief". europe.autonews.com. Automotive News Europe. November 5, 2013. Retrieved November 6, 2013. 
  5. ^ a b "Глава "АвтоВАЗа" Бу Андерссон подал заявление об отставке еще 17 февраля". Газета.Ru. Retrieved 2016-04-03. 
  6. ^ a b "Rostec :: News :: 100 days at AvtoVAZ". rostec.ru. Retrieved 2016-02-28. 
  7. ^ a b "Q&A: Bo Andersson Joined GAZ to Flee Detroit Stardom | News". The Moscow Times. Retrieved 2016-02-29. 
  8. ^ "Общая информация". gazgroup.ru. Retrieved 2016-02-29. 
  9. ^ "Годовой отчёт 2008". gazgroup.ru. Archived from the original on 2016-03-04. Retrieved 2016-02-28. 
  10. ^ "Годовой отчёт 2010". gazgroup.ru. Archived from the original on 2011-12-13. Retrieved 2016-02-28. 
  11. ^ "GAZ Group Reports Increased 2012 Profits | Business". The Moscow Times. Retrieved 2016-03-01. 
  12. ^ "Годовой отчёт 2011". gazgroup.ru. Archived from the original on 2016-03-04. Retrieved 2016-02-28. 
  13. ^ "Годовой отчёт 2012". gazgroup.ru. Archived from the original on 2016-03-04. Retrieved 2016-02-28. 
  14. ^ a b Автоваз; GAZ Group; General Motors; AB, Saab Automobile; School, Harvard Business; Andersson, Wikipedia: Bo; Website, Company. "Bo Inge Andersson | LinkedIn". Retrieved 2016-02-28. 
  15. ^ "OAO GAZ consolidated financial statements under IFRS". eng.gazgroup.ru. Archived from the original on 2016-03-05. Retrieved 2016-03-01. 
  16. ^ "AvtoVAZ CEO Bo Andersson aims to restore pride to Lada". Automotive News. Retrieved 2016-02-28. 
  17. ^ Foy, Henry (2013-10-17). "Bo Andersson becomes first foreign head of Avtovaz". Financial Times. ISSN 0307-1766. Retrieved 2016-03-01. 
  18. ^ "Bo Inge Andersson | LinkedIn". www.linkedin.com. Retrieved 2016-02-29. 
  19. ^ AutoVestiTV (2015-06-15), Бу Андерссон: президент АвтоВАЗа и человек-легенда // АвтоВести 211, retrieved 2016-03-01 
  20. ^ "AvtoVAZ introduced a new logo of Lada". eng.autostat.ru. Retrieved 2016-03-01. 
  21. ^ AutoVestiTV (2015-06-15), Бу Андерссон: президент АвтоВАЗа и человек-легенда // АвтоВести 211, retrieved 2016-02-28 
  22. ^ "В январе авторынок показал худший результат за шесть лет". www.autonews.ru. Retrieved 2016-02-28. 
  23. ^ "LADA Vesta gets maximum score in ARCAP crash test conducted by Autoreview - Press-releases - News - Official website LADA". LADA official website. Retrieved 2016-02-28. 
  24. ^ "Персона года — 2015". persona2015.vedomosti.ru. Retrieved 2016-03-01. 
  25. ^ "Пресс-центр ОАО "АВТОВАЗ"". company.avtovaz.ru. Archived from the original on 2016-04-21. Retrieved 2016-04-03. 
  26. ^ "YAZAKI press release". yazaki-na.com. March 3, 2018. 
  27. ^ "ОБЪЯВЛЕНЫ ПОБЕДИТЕЛИ ТРЕТЬЕЙ ЕЖЕГОДНОЙ НАЦИОНАЛЬНОЙ ПРЕМИИ ЭКСПЕРТОВ АВТОМОБИЛЬНОГО БИЗНЕСА "ТОП-5 АВТО"". 
  28. ^ "Персона года — 2015". persona2015.vedomosti.ru. Retrieved 2016-03-01. 
  29. ^ "Leader's Forum 2013 - Agility 2020Leader's Forum 2013". leadersforum2013.scmworld.com. Retrieved 2016-03-01. 
  30. ^ "Андерссон Бу Инге". www.gorduma.nnov.ru. Retrieved 2016-03-01. 
  31. ^ "GAZ Group CEO, Bo Andersson, receives Distinguished Service Citation from the Automotive Hall of Fame - Automotive World". www.automotiveworld.com. Retrieved 2016-03-01. 
  32. ^ Administrator. "Почетные Консулы". www.mid.nnov.ru. Retrieved 2016-03-01. 
  33. ^ "Руководство". gazgroup.ru. Retrieved 2016-03-01. 
  34. ^ "ГАЗ: взгляд со стороны". www.avtovzglyad.ru. Retrieved 2016-03-01. 
  35. ^ "Leader's Forum 2013 - Agility 2020Leader's Forum 2013". leadersforum2013.scmworld.com. Retrieved 2016-03-01. 
  36. ^ "Президента ГАЗа признали лучшим руководителем в автомобильной отрасли России - Колеса.ру". www.kolesa.ru. Retrieved 2016-03-01. 
  37. ^ "Президент "Группы ГАЗ" награжден премией Института Адама Смита — Время Н: Новости Нижнего Новгорода и Нижегородской области". www.vremyan.ru. Retrieved 2016-03-01. 

External links[edit]