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Bo Andersson (businessman)

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Swedish businessman (born 1955) This article is about the businessman. For the footballer, see Bo Andersson (footballer).
This biographical article is written like a résumé. Please help improve it by revising it to be neutral and encyclopedic. (March 2022)
Bo Andersson
Portrait picture of Bo Inge Andersson, taken in 2012Bo Inge Andersson (2012)
BornBo Inge Andersson
(1955-10-16) 16 October 1955 (age 69)
Falkenberg, Sweden
EducationStockholm University
OccupationBusinessman

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

Bo 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.

Mr. Andersson is tasked with continuing the turn-around and modernization of UzAuto, with current production of nearly 300,000 units per year (2020).

In 2023, reached record-setting production of 395,395 vehicles (export of 43,056 units), successfully launched Chevrolet Onix, and achieved 50% localization for both Chevrolet Tracker and Onix. Operating Profit increased to 10.1 percent, and Net Income increased to 7.3 percent.

In 2022, UzAuto Motors was the largest car manufacturer in CIS with 327,639 vehicles produced (export of 42,072 units), and successfully launched the Chevrolet Tracker. Operating Profit was 8.6 percent, and Net Income was 7.1 percent

He is also President and Founder of Ivanhoe IV – a global investment and leadership company.

From July 2017 through April 2021, Mr. Andersson was President of Yazaki Europe & Africa, adding the title of President & CEO of Yazaki North America & Central America in March 2018, with responsibility for 129 locations in 28 countries, 140,000 team members, and more than $8 billion in revenue. He was also head of Yazaki’s Global Purchasing organization. After Bo Andersson retooled Yazaki’s business in the regions, increased efficiency and reduced costs, built a strategic bridge to the next generation of Yazaki management and laid off thousands of workers during the pandemic, president of Japan’s Yazaki Corporation Shinji Yazaki stated: “All of these objectives were accomplished. I am grateful to Bo Andersson for his commitment, strong leadership and impactful performance.” From April thru June 2021, Bo Andersson served as Senior Executive Advisor to Yazaki Europe & Africa and North & Central America, to support the transition to the new leadership. Yazaki is the world's largest producer of electrical wiring harnesses for the automotive industry.

Prior to Yazaki, Bo Andersson's career included roles as Head of Purchasing at Saab Automobile, Head of Global Purchasing and Supply Chain at General Motors, CEO for the turn-around of GAZ Group, the first non-Russian CEO at Avtovaz, where he worked from December 2013 to 3 April 2016.

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. Andersson received a bachelor's degree from Stockholm University and completed the Advanced Management Program (AMP) at Harvard Business School.

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. 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. 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.

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, into a profit of 8.8 billion rubles in 2012. Profit improvement was, among other things, attributed to the down-sizing of 50,000 employees, 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. The Swedish manager has become the first foreign president of the company.

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.

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. 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. Yazaki is the world's largest producer of electrical wiring harnesses for the automotive industry.

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.

References

  1. "Svensken som rattar Putins bilfabrik". Dagens Nyheter. March 27, 2015. Retrieved March 27, 2015.
  2. "AvtoVAZ appoints ex-GM executive Andersson as first non-Russian chief". europe.autonews.com. Automotive News Europe. November 5, 2013. Retrieved November 6, 2013.
  3. ^ "Rostec :: News :: 100 days at AvtoVAZ". rostec.ru. Archived from the original on 2020-03-01. Retrieved 2016-02-28.
  4. ^ "Q&A: Bo Andersson Joined GAZ to Flee Detroit Stardom | News". The Moscow Times. Retrieved 2016-02-29.
  5. "Общая информация". gazgroup.ru. Archived from the original on 2016-03-07. Retrieved 2016-02-29.
  6. GAZ Group Investor Relations. "Annual Report 2008". GAZ Group. Archived from the original on 2016-03-04.
  7. GAZ Group Investor Relations. "Annual Report 2009". GAZ Group. Archived from the original on 2016-04-05.
  8. Fröberg, Jonas (2012-06-27). ""He fired 50,000 employees"". SvD Näringsliv.
  9. "AvtoVAZ CEO Bo Andersson aims to restore pride to Lada". Automotive News. 29 July 2014. Retrieved 2016-02-28.
  10. Foy, Henry (2013-10-17). "Bo Andersson becomes first foreign head of Avtovaz". Financial Times. ISSN 0307-1766. Retrieved 2016-03-01.
  11. "Глава "АвтоВАЗа" Бу Андерссон подал заявление об отставке еще 17 февраля". Газета.Ru. Retrieved 2016-04-03.
  12. "Пресс-центр ОАО "АВТОВАЗ"". company.avtovaz.ru. Archived from the original on 2016-04-21. Retrieved 2016-04-03.
  13. "YAZAKI press release". yazaki-na.com. March 3, 2018.
  14. ^ "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 2021-08-24.

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