He will be replaced by another French executive in Romania, Yves Caracatzanis, who has been working for Renault for more than two decades, according to the information published on Dacia’s website on Tuesday.
Dacia is the largest company in Romania by revenue, and also the country’s largest exporter. On the other hand, AvtoVAZ has fallen on hard times, after having posted one billion dollar losses last year.
Yves Caractazanis, 51, has an engineering background, and is a graduate of Ecole Centrale de Paris. He joined Renault in 1992. He was one of the people who created the Supply Chain division of Renault in 2008, he was put in charge of two years later.
In his new position, Yves Caracatzanis will run an about EUR5 billion business of Renault, which includes manufacturing of cars and components.
(English version by Loredana Fratila-Cristescu)