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OREANDA-NEWS. Vice President for Operational Crisis Management at AvtoVAZ was appointed Elena Frolova. This new position is created within the financial recovery plan; Ms. Frolova will play a key role in its implementation.

Elena Frolova graduated from Russian Open University with a degree in economics and marketing. Her career started at AVTOVAZ, where Elena has gone from being an ordinary accounting employee to director of the department of IFRS consolidated financial statements. In 2005 she went to work in the company "Sollers", where she held senior positions in the financial unit and she was responsible for corporate reporting, communications with shareholders, controlling, marketing and sales and production controlling. Later, she was appointed Deputy Director of Finance Sollers Group. In 2011, Ms. Frolova went to work in the company Ford Sollers on the position of Deputy Director of Finance, where she also became a member of the board.

"The early financial recovery of AvtoVAZ is one of the key objectives of the company”, - said the president of AvtoVAZ Nicolas Moore. - The plan of these measures was presented to the board and shareholders - Renault-Nissan Alliance and Corporation "Rostech" - and we got their full support in its lifetime".