Volvo CEO Has Stroke – Car Pro News

Volvo Cars CEO Stefan Jacoby suffered a mild stroke last week and will take sick leave for the next month.
Jacoby, 54, was placed under medical supervision and has already started the recovery process, the automaker said in a statement.
“I was lucky that it was a mild stroke,” Jacoby said in the statement. “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.”
He said he would focus on resting and exercising with the hope of getting back to work as soon as possible.
Jacoby spent most of his professional career at Volkswagen AG and has served as head of Volvo Cars, now owned by China’s Zhejiang Geely, since 2010.
Jan Gurander, Volvo’s CFO, is serving as acting CEO during Jacoby’s absence.
Jacoby said recently that Volvo was struggling to build up its retail operation in China, where annual sales were unlikely to meet a 2015 target.
Volvo cars are currently imported to China from factories overseas, but the company is looking to set up production in the country in the coming years.
Volvo is aiming to sell 200,000 cars a year in China in 2015 as part of a 2020 global sales target of 800,000. It sold almost 450,000 cars worldwide last year.


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