Bo Andersson (businessman)
| Bo Andersson | |
|---|---|
Bo Andersson in 2012
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| Born |
Bo Inge Andersson 16 October 1955 Falkenberg, Sweden |
| Residence | Delray Beach, United States |
| Citizenship | Swedish and US |
| Education | Karlberg Military Academy, Armed Forces Staff And War College |
| Alma mater | Harvard Business School |
| Occupation | CEO of Bo Group Enterprises |
| Years active | 2016- present |
| Home town | Falkenberg, Sweden |
| Board member of | SSM , Stockholm 2016- Autoliv (2012 - 2013) |
| Children | Felicia Andersson Leonora Andersson |
Bo Inge Andersson (born in Falkenberg, Sweden, 16 October 1955) is a former Swedish officer, businessman and diplomat. He was the first non-Russian Chief Executive Officer at AVTOVAZ, where he worked from December 2013 till 3 April 2016. Starting from April 2016 Bo Andersson works as the CEO of Bo Group Enterprises.
Bo Inge Andersson grew up on the South of Sweden. He graduated from Swedish Army Academy and then served in the army. He left the military in the rank of Major. Andersson received a bachelor's degree of Business Administration from and completed Top Management program at Harvard University.
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 till 2007 and as Vice-President of Global Purchasing and Supply Chain to 2009.
Andersson left GM in 2009 and became an advisor to Oleg Deripaska (a Russian industrial tycoon) and a head of Board of Directors of GAZ Group - the oldest car 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 objective to combine development of company's strategy with running current operations. Main goal was to return the company to profitability.
During five years at GAZ, he managed to turn-around the business from losses of $1 Billion to consistent EBIT profits: 7,6% (2010), 8,8% (2011), 10,3% (2012). In the Russian currency net profit changed from 30,5 bln RUR loss in 2008 to 8,8 bln RUR net profit for 2012.
These results were achieved due to consistent reforms at GAZ Group conducted by Andersson:
- The company reduced headcount by 50,000
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Wikipedia