The 55-year-old Swede was named chief executive officer of the Traton trucking unit after a management shakeup last year. He’s to steer a turnaround of the business after Europe’s biggest carmaker struggled for years to improve cooperation between its different commercial-vehicle brands.
Citi, the U.S. bank with the biggest presence in Russia, has been trying unsuccessfully to find a buyer for its business. A spokesperson told BBC News that, while its local consumer business would close, Citi would continue to support multinational institutional clients in the country.
The latest supply chain news, analysis, trends and best practices for companies operating in Europe. Learn how businesses are optimizing supply chain and logistics performance across Europe’s 50 sovereign states and four dependencies - addressing a range of challenges such as varying regulations, developing customs and tax laws and government controlled exchange rates.
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