Volvo CEO Stefan Jacoby on sick leave after suffering mild stroke

Article by Christian A., 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.

An adventurous five-door hatchback, the new and redesigned Volvo V40 takes pride in its impressive fuel efficiency, improved ride handling, and enhanced safety features.

With a stunning design that is inspired by C30 coupé and the timeless P1800ES Volvo, it is more sophisticated and athletic compared to the common class norm.

Big upgrades are done to improve its agility, handling, ride comfort and steering feel. Volvo specialists boast of the Volvo V40 as the new model benchmark for fine dynamism.

Volvo's leadership in safety has never been taken for granted. The Pedestrian Airbag Technology, one of its newest innovations, follows another world-first from Volvo, the Pedestrian Detection with Full Auto Brake. These safety features were first used in the Volvo S60. Both of these high-end features guarantee V40 customers with the best protection system for car occupants and pedestrians.

The Pedestrian Airbag is launched with the Volvo V40. It has a detection system that inflates the airbag from below the bonnet’s back edge when it hits a pedestrian. What cushions the pedestrian is the raised bonnet, while the airbag safeguards his head from the "hard and solid points" at the bottom of the lower A-pillars and the windscreen.

Statistics show that 14% of traffic fatalities in Europe involve pedestrians while in China, the figure is 25%.

Topics: volvo, ceo

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