Fin24

Volvo chief suffers a stroke

2012-09-24 09:21

Gothenburg - Volvo chief Stefan Jacoby has suffered a "mild stroke" and will be absent from work for at least a month, the Swedish carmaker said on Sunday.

The 54-year-old German received prompt medical attention and has "already started the recovery process," Volvo said.

Jacoby, a former Volkswagen boss, took over at Volvo in August 2010 after it was sold by Ford to Chinese firm Geely.

"I was lucky that it was a mild stroke," said Jacoby. "I am currently experiencing limited movement abilities in my right arm and, to some extent, also in my right leg. I have started to recuperate and already notice certain improvements."

The company's finance chief Jan Gurander is to serve as acting chief executive during Jacoby's absence.


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