AVTOVAZ Names New Board Members, Chairman and Vice Chairman

Togliatti, Russia (ots/PRNewswire) -

- Sergey Skvortsov is elected Chairman of the Board
- Denis Le Vot is elected Vice Chairman of the Board
- Midterm plan presented to the Board

AVTOVAZ elected new board members Thursday at its annual general
shareholder meeting.

The following were elected to the Board of the Directors for the
first time:

- Vladimir Avetisyan, Deputy Chairman of the Board of ROSNANO MC
- Denis Le Vot, Renault Group Senior Vice President, Chairman of
Eurasia Region
- Nicolas Maure, President of AVTOVAZ
- Stefan Mueller, Renault Group Executive Vice President and Chief
Performance Officer
- Eduard Vaino, Vice President for Government and Shareholder
Relations of AVTOVAZ

The following directors continue to serve on the Board of
Directors of AVTOVAZ:

- Thierry Bolloré, Groupe Renault Executive Vice President, Chief
Competitive Officer
- Igor Zavyalov, Rostec Deputy General Director
- Sergey Zaitsev, AVTOVAZ Trade Union Committee Chairman
- Sergey Kogogin, KAMAZ General Director
- Trevor Mann, Nissan, Chief Performance Officer
- Jérémie Papin, Groupe Renault Vice President for Strategy and
Business Development
- Joseph Peter, Nissan, Executive Vice President, Chief Financial
Officer
- Andrey Sapelin, VNESHEKONOMBANK First Deputy Chairman
- Dominique Thormann, Special Advisor Alliance Renault-Nissan

At the board meeting following the annual shareholder meeting,
Sergey Skvortsov, Deputy General Director of Rostec, was elected as
Chairman of the Board of AVTOVAZ. Denis Le Vot was elected as Vice
Chairman.

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, and
Sergey Chemezov, Rostec's CEO, will continue to play an active role
in the company's strategy through Alliance Rostec Auto BV, the
holding company that is the majority stakeholder of AVTOVAZ.

The Renault-Nissan Alliance has a majority stake in Alliance
Rostec Auto BV. Vehicles carrying the Renault, Nissan, Datsun and
Lada brands are built in Togliatti and at other plants throughout
Russia.

The AVTOVAZ Board of Directors reviewed the company's midterm
plan, which aims to achieve a 20 percent share in Russia's automotive
market, to increase exports and drive all necessary actions for the
company's financial recovery.

ABOUT THE RENAULT-NISSAN ALLIANCE:

The Renault-Nissan Alliance is a strategic partnership between
Paris-based Renault and Yokohama, Japan-based Nissan, which together
sell one in 10 cars worldwide. The companies, which have been
strategic partners since 1999, sold 8.5 million cars in nearly 200
countries in 2015. The Alliance also operates strategic
collaborations with other automakers including Germany's Daimler,
China's Dongfeng, and Japan's Mitsubishi Motors. The Alliance has a
majority stake in the joint venture that owns Russia's top automaker,
AVTOVAZ.

blog.alliance-renault-nissan.com

ABOUT JSC AVTOVAZ

JSC AVTOVAZ Togliatti is the largest capacity manufacturing plant
of the Renault-Nissan Alliance in Russia and one of the biggest in
the world. It is the only plant among the Alliance's 46 plants that
produces four Alliance brands (LADA, Renault, Nissan and Datsun). In
the second half of 2015, AVTOVAZ started assembly of LADA Vesta and
LADA XRAY in the Izhvesk and Togliatti plants; these cars will assure
complete renewal of LADA brand and new prospects for its development.

MEDIA CONTACT

Oxana Nazarova

oxana.nazarova@renault.com

+7-963-979-22-48(Russia)

+33(0)6-4685-2227(France)

ots Originaltext: Renault-Nissan Alliance
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