Friday April 25, 2014

Stroke forces Volvo chief executive to take a month off

Volvo CEO Stefan Jacoby is stepping down from his position for at least one month to recover from a mild stroke.

BBC News has learned that Volvo CEO Stefan Jacoby is temporarily stepping down from his post for at least one month after suffering a mild stroke. The 54-year-old is handing the reins over to CFO Jan Gurander, who has agreed to serve as the acting chief executive. According to the BBC, “Jacoby has been the chief executive at Volvo since August 2010, joining the company after being the president and chief executive of Volkswagen’s American arm.” He is currently experiencing limited movement abilities in his right arm and right leg, but is determined to return to work soon. He states, “Now I will focus on resting and exercising, in order to get back to work as soon as possible.”

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