January 19 in Moscow the first meeting of the Committee on the restructuring of "AvtoVAZ", which was attended by Deputy Director General of Rostekhnologii Igor Zavialov, general director of "KAMAZ" Sergey Kogogin, managing director of Troika Dialog, Sergey Skvortsov, senior vice president of Renault, Christian Esteve , president of AvtoVAZ, Igor Komarov, Director of Strategy and Planning Group Renault Jean Verdonk.
The main objectives of the Committee include monitoring of anti-crisis program, review plans and activities, restructuring and modernization of the company, as well as the harmonization of the essential conditions of transactions involving assets, which is submitted for approval by the Board of Directors of AvtoVAZ.
Christian Esteve highlighted the sale of noncore assets AvtoVAZ and recommended management of the company regularly inform the members about the way, cost and results of their implementation.
The committee also reviewed the concept of transformation of the company, provided the president of "AvtoVAZ" Igor Komarov. From the standpoint of Christian Esteve, presented the concept - "a good beginning of the process of restructuring the company and Renault as a strategic partner of AvtoVAZ and expert in the automotive business will give its recommendations for deepening and further detail.
Committee Chairman Igor Zavialov expressed confidence that "the management of AvtoVAZ will hold a series of meetings and discussions with shareholders, and the concept will be agreed in early February 2010." <b76;br />
At the meeting, the committee also approved the work program for the first half of 2010, reviewed and agreed on a list of non-core assets "AvtoVAZ" to be implemented.
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