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AvtoVAZ will be headed by the former Minister of Transport Maxim Solodov

Vice-governor of St. Petersburg, former Minister of Transport Maxim Solodov (pictured) said that he was leaving his post and would head AvtoVAZ from May 23.

– From Smolny I, unfortunately, really leave. With gratitude to the Governor and with regret that it was not possible to complete the planned projects, – leads “Interfax” Solodov’s words.

From Monday, he will become president of AvtoVAZ – the reason for the transition was “the decision of the management and board of directors of the concern. The post of vice-governor Solodov will also officially leave on Monday.

Ministry of Industry and Trade of the Russian Federation announcedthat the 68 percent share of Renault Group in AvtoVAZ was transferred to state ownership, and the assets will be managed by NAMI, subordinate to the ministry. The buyback option is reserved for 6 years. In addition, 100% of the shares of the Moscow automobile plant CJSC Renault Russia were transferred to the ownership of the Moscow Government.

On May 18, it became known that the leadership of AvtoVAZ signed an order to extend the downtime from May 23 to May 27, 2022 inclusive.

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