For former GM exec Bo Andersson, next job will be a GAZ
As a boy, GM’s former global purchasing czar, Bo Andersson, snatched his neighbor’s cat and sold it for $5 in order to satisfy his sweet tooth. Now Russian carmaker GAZ has snatched Andersson from GM as it moves fast to take full advantage of its planned acquisition of Opel with partners Magna and Russia’s largest lender Sberbank.
GAZ announced on Monday that it has invited Andersson to head its board of directors. "The ex-vice president of GM, Bo Andersson, has expressed his agreement to take the post of the chairman of the board of directors of GAZ," the company said in a statement.
Andersson spent more than two decades at GM after earlier posts at Saab. Most recently, Andersson had been GM’s group vice president for purchasing and supply chain. Andersson’s resignation from GM was a surprise to many. Upon leaving GM, Andersson said in a brief e-mail to a new organization, "I have a new better job where I will work as CEO." At the time Andersson had declined to say exactly where he was headed.
Andersson was an aggressive cost cutter for GM and his knowledge of the GM system will help GAZ get up to speed quickly. GM has since announced that Bob Socia, currently executive vice president of Shanghai General Motors, will be appointed GM vice president, Global Purchasing and Supply Chain.