PARIS (Reuters) -- The Renault-Nissan alliance said Bo Andersson planned to step down as CEO of AvtoVAZ, which builds Lada cars in Russia.
AvtoVAZ's board will meet on March 15 and is expected to announce Andersson's replacement, the company said in a statement.
Renault-Nissan has a majority stake in Alliance Rostec Auto, a holding company that controls AvtoVAZ, which is Russia's largest automaker.
Swedish national Andersson, 60, a former top purchasing manager at General Motors, was the first non-Russian CEO of AvtoVAZ when he took the post at the end of 2013.
He has come under pressure for cutting tens of thousands of jobs at AvtoVAZ and for tackling its supplier network once riddled with corruption and inefficiency.
The pressure intensified after AvtoVAZ reported a record net loss of 73.85 billion rubles for 2015 after the collapse of the domestic car market, almost triple the loss it recorded in 2014, and said it would need more cash from shareholders to survive.