Renault-Nissan Alliance Executives Elected to Avtovaz Board of Directors at Annual General Shareholders Meeting

Paris (ots/PRNewswire) -

- The 2016 Annual Report of PJSC "AVTOVAZ" and the new
composition of its Board of Directors have been approved.

- AVTOVAZ Group on track to financial recovery in 2018.

Executives from the Renault-Nissan Alliance were elected to
AVTOVAZ Board of Directors during its Annual General Shareholders
Meeting which took place in Togliatti (Russia) today.

(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

The Board elections coincided with a financial update by AVTOVAZ
at the Shareholders Meeting, where the company confirmed that it is
on track towards a financial recovery in 2018. The turnaround
strategy was endorsed at a meeting of the AVTOVAZ Board today.

The following individuals were elected to the Board of Directors
of AVTOVAZ:

- Gaspar Gascon Abellan, Executive Vice President Engineering,
Groupe Renault;

- Jose Vicente de Los Mozos, Executive Vice-President Group
Manufacturing and Logistics, Groupe Renault;

- Jérôme Olive, Executive Vice President Manufacturing Engineering
and Supply Chain Management, Renault-Nissan Alliance;

- Thierry Piéton, Senior Vice President, Group Financial Control,
Groupe Renault.

The following individuals were re-confirmed as Members of the
Board of Directors of AVTOVAZ:

- Sergei Skvortsov, Chairman of the Board of Directors of the
Company;

- Denis Le Vot, Senior Vice President, Chairman of Eurasia Region,
Groupe Renault, Vice Chairman of the Board of Directors of the
Company;

- Vladimir Avitesyan, Deputy Chairman of the Board, UK ROSNANO;

- Thierry Bolloré, Executive Vice President, Chief Competitive
Officer, Groupe Renault;

- Sergei Kogogin, Chief Executive Officer of PJSC "KAMAZ";

- Nicolas Maure, President of PJSC "AVTOVAZ";

- Stefan Mueller, Executive Vice President, Chief Performance
Officer, Groupe Renault;

- Andrei Sapelin, General Director, JSC "RT-Finance";

- Eduard Vaino, Vice President for Government and Shareholder
Relations, PJSC "AVTOVAZ".

- Sergei Zaitsev, Chairman Trade Union of PJSC "AVTOVAZ";

- Igor Zavyalov, Deputy General Director, Rostec State
Corporation.

At a meeting of the Board today, the company's Directors confirmed
the objective of reaching operating profit break-even in 2018 and
approved the development roadmap for the Lada brand. The Board also
heard that the performance of AVTOVAZ Group in first quarter 2017
signaled that the company was making progress towards a financial
recovery in 2018.

The Renault-Nissan Alliance holds 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.

For the entire Press release please click here:

http://www.media.blog.alliance-renault-nissan.com/news/6607

ots Originaltext: Renault-Nissan Alliance
Im Internet recherchierbar: http://www.presseportal.de

Contact:
MEDIA CONTACT Caroline Sasia Renault-Nissan Alliance
+33(0)6-11-30-36-71 caroline.sasia-lallier@renault-nissan.com

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