UPDATE: Nicolas Maure leaves Romania for Avtovaz. Who is the new GM of Dacia and Renault Romania?

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Nicolas Maure, the head of Renault’s Romanian subsidiary Dacia, will be promoted as CEO of Russia’s largest carmarker Avtovaz, replacing Bo Inge Andersson, vedomosti.ru wrote on Tuesday, citing sources, subsequently confirmed through a press release.

According to it, starting with April 4, 2016, Yves Caracatzanis, 51, (photo) will be the new GM of Dacia and Renault Romania Group, replacing Nicolas Maure. yves

Yves Caracatzanis will report to Denis Le Vote, senior vice president (SVP), COO Renault – Eurasia region, including Romania.

Born in 1964, Marseilles, Yves Caracatzanis is an engineer, a graduate of Ecole Centrale de Paris. He started his career with Bossard Consultants consultancy firm, then at Hewlett Packard. In 1992, he comes to Renault as Logistics Organization Project Manager.

He started working at the Flins plant in 1995 where he successively managed the Manufacture Assembly Workshop, then the Paint Department beginning in 1999 and the Quality Department as from 2002 for the launch of the Clio 3. In 2005, he was appointed SVP of Group Vehicle Prototype Engineering. In 2008, he participated in the creation of the Group Supply Chain, and became Groupe Renault SVP of the Global Supply Chain in 2010. Since 2013, he has been SVP of production and Supply Chain for the Eurasia Region.

Maure’s candidature was proposed by the Renault-Nissan Alliance which owns Avtovaz jointly with controlling stakeholder, Russian state-held firm Rostec. Under Andersson, Avtovaz introduced a line of affordable models and substantially cut the plant’s personnel.

Maure is at the head of Renault’s operations in Romania since 2014. He has started working for Renault in 2000 and was manager of Dacia’s mechanics plant between 2006 and 2008. Frenchman 56 yo graduated from Ecole Central de Paris (ECP) with an engineering degree and holds an MBA from INSEAD.

French car maker Renault SA, along with its Japanese partner Nissan Motor Co., said Andersson would be leaving his post after two years on the job.

State-owned conglomerate Rostec is a minority shareholder in AvtoVAZ, which makes Lada-branded cars. Rostec Chief Executive Sergei Chemezov told that Bo Inge Andersson would be relieved of his duties after AvtoVAZ reported a net loss of 74 billion rubles (USD 1.2 billion) for 2015 and said it needed a bailout, its second since 2009.

Renault and Nissan placed a large bet on Russia’s auto market when they took a controlling stake in AvtoVAZ in 2014.

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