LOG IN

Share

Stefan Jacoby retires from Volvo, will be replaced by Håkan Samuelsson

 Stefan Jacoby retires from Volvo, will be replaced by Håkan Samuelsson
Stefan Jacoby

'After an amicable agreement with the Board of Directors'.

Following last month’s mild stroke, Stefan Jacoby will retire from Volvo and he will be replaced as President and CEO by Håkan Samuelsson who up until now was a board member. Jacoby will leave the Volvo Car Group “after an amicable agreement with the Board of Directors”.

Between 2005 and 2009, Håkan Samuelsson was chairman and CEO of MAN SE and in 2010 he became an independent member of Volvo’s Board of Directors. Li Shufu who is the majority stakeholder and Chairman of the Board at the Volvo Car Group declared that he sees “major opportunities for Volvo Cars to improve profitability, and accelerate our growth plan in China specifically.

Source: Volvo

Volvo Car Group appoints new President and CEO

 

The Board of Directors of Volvo Car Group has appointed Håkan Samuelsson, currently Board member, as new President & CEO effective immediately. Stefan Jacoby will leave Volvo Car Group* after an amicable agreement with the Board of Directors.

 

"I see major opportunities for Volvo Cars to improve profitability, and accelerate our growth plan in China specifically. I am convinced that Håkan Samuelsson's thorough experience and leadership will help us increase performance," says Li Shufu, majority shareholder and Chairman of the Board.

 

He continues: "We have a strong strategy and transformation plan in place which we will now execute. I would like to thank Stefan Jacoby for his valuable and strong contribution developing the strategy and taking the company through the first two years following the acquisition of the Volvo Car Group by Zhejiang Geely Holding," says Li Shufu.

 

Håkan Samuelsson has 35 years of experience from leading positions in the automotive industry, most recently as Chairman & CEO of MAN SE between 2005 and 2009. Since 2010 he is an independent member of the Board of Directors of Volvo Car Group.

 

"My time on the Board has provided me with insight in the Volvo brand and the company. My focus will be on execution and performance, to secure profitability and meet our sales objectives. No other business is as demanding, complex and full of challenges as the automotive industry. I look forward to leading Volvo Car Group in the most exciting period of its history," says Håkan Samuelsson."

 

*and consequently the Board of Directors

Related Articles

Add comment

subscribe to comments
comment rules Add comment
http://content.worldcarfans.co/templates/0/18