Volvo CEO Stefan Jacoby on sick leave after suffering mild stroke

Article by Christian Andrei, on September 25, 2012

After experiencing a mild stroke last week, Stefan Jacoby (the CEO of Volvo Cars) will be on sick leave for the next month, according to a statement from the company. Jacoby, who is 54 years old, heads Volvo, which is currently owned by Zhejiang Geely. He has been placed under medical supervision and has begun the recovery process.

In the statement, Jacoby said, “I was lucky that it was a mild stroke." He shared that his right arm and leg can move but only on a limited range. He said that his condition has improved and that he will concentrate on resting and exercising so that he can return to work as soon as possible. Most of Jacoby’s professional career was at Volkswagen.

He served as the head of Volvo Cars since 2010. In Jacoby’s absence, Jan Gurander, the company's chief financial officer, will take on the responsibilities in the meantime. He is tasked to run the retail operation in China, where annual sales are not expected to attain its 2015 goal.

Volvo cars are presently being imported to China from plants overseas, but the company is looking to establish production in the country in the coming years. Volvo is expecting to sell 200,000 cars annually in China in 2015 as part of a worldwide sales target of 800,000. It sold almost 450,000 cars around the world in 2011.

Topics: volvo, ceo

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries