Bo Andersson (businessman)

Bo Andersson
Portrait picture of Bo Inge Andersson, taken in 2012
Bo Inge Andersson (2012)
Born
Bo Inge Andersson

(1955-10-16) 16 October 1955 (age 69)
Falkenberg, Sweden
EducationStockholm University
OccupationBusinessman

Bo Inge Andersson (born 16 October 1955) is a Swedish businessman, and former officer and diplomat.[1]

Bo Andersson was appointed CEO of UzAuto Motors and UzAuto Motors Powertrain – the largest manufacturing subsidiaries of UzAvtoSanoat in August 2021.  UzAvtoSanoat is owned by Uzbekistan's government, and produces Chevrolet vehicles under a technical license agreement with GM.

Mr. Andersson is tasked with continuing the turn-around and modernization of UzAuto, with current production of nearly 300,000 units per year (2020).

In 2023, reached record-setting production of 395,395 vehicles (export of 43,056 units), successfully launched Chevrolet Onix, and achieved 50% localization for both Chevrolet Tracker and Onix. Operating Profit increased to 10.1 percent, and Net Income increased to 7.3 percent.

In 2022, UzAuto Motors was the largest car manufacturer in CIS with 327,639 vehicles produced (export of 42,072 units), and successfully launched the Chevrolet Tracker. Operating Profit was 8.6 percent, and Net Income was 7.1 percent

He is also President and Founder of Ivanhoe IV – a global investment and leadership company.

From July 2017 through April 2021, Mr. Andersson was President of Yazaki Europe & Africa, adding the title of President & CEO of Yazaki North America & Central America in March 2018, with responsibility for 129 locations in 28 countries, 140,000 team members, and more than $8 billion in revenue. He was also head of Yazaki’s Global Purchasing organization. After Bo Andersson retooled Yazaki’s business in the regions, increased efficiency and reduced costs, built a strategic bridge to the next generation of Yazaki management and laid off thousands of workers during the pandemic, president of Japan’s Yazaki Corporation Shinji Yazaki stated: “All of these objectives were accomplished. I am grateful to Bo Andersson for his commitment, strong leadership and impactful performance.” From April thru June 2021, Bo Andersson served as Senior Executive Advisor to Yazaki Europe & Africa and North & Central America, to support the transition to the new leadership. Yazaki is the world's largest producer of electrical wiring harnesses for the automotive industry.

Prior to Yazaki, Bo Andersson's career included roles as Head of Purchasing at Saab Automobile, Head of Global Purchasing and Supply Chain at General Motors, CEO for the turn-around of GAZ Group, the first non-Russian CEO at Avtovaz, where he worked from December 2013 to 3 April 2016.[2]

  1. ^ "Svensken som rattar Putins bilfabrik". Dagens Nyheter. March 27, 2015. Retrieved March 27, 2015.
  2. ^ "AvtoVAZ appoints ex-GM executive Andersson as first non-Russian chief". europe.autonews.com. Automotive News Europe. November 5, 2013. Retrieved November 6, 2013.