Saab boss may be Volvo’s next CEO

Article by Christian Andrei, on August 26, 2010

Sources say that Jan Ake Jonsson, chief executive officer of Saab Automobile, is being eyed for the top job at Volvo Cars, according to Swedish daily Dagens Industri. Jonsson is reportedly one of a handful of candidates being considered.

These same sources also revealed that Jonsson had already been contacted and been informed of the carmaker's interest.

Last March, a deal was entered by Zhejiang Geely Holding Group, China's largest private carmaker and parent of Hong Kong-listed Geely Automobile, with Ford to buy Volvo Cars -- seen to be China's biggest overseas auto purchase.

Dagens Industri reported that the company aims to present a new chief executive during the final signing of the deal in August.

The business daily said that Volvo Cars' current CEO, Stephen Odell, will be moving to become the head of Ford Europe. Spyker Cars acquired Saab from General Motors Co.

When asked by Dagens Industri to comment on this report, Jonsson said that he has promised Spyker CEO Victor Muller to remain at Saab "for a while longer." Meanwhile, Volvo Cars spokesman Per-Ake Froberg would only say that "This is up to Geely." [via autonews]

Topics: saab, volvo

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