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Management & Strategy


Stefan Jacoby lands new top job in GM after being bundled out of Volvocars on his sick bed.

Friday, 02 August 2013
In October, the former CEO Stefan Jacoby was sacked as CEO of Swedish Chinese automaker Volvo Cars while on his sick bed in the hospital. In what was seemly determined like a type of power struggle in the Swedish - Chinese automaker, the former CEO got better and is not recruited by a rival of Volvo, General Motors.
Stefan Jacoby
Stefan Jacoby has been hired as deputy director of General Motors' operations in Europe, Africa and Asia, reports various Swedish media sources.

"Stefan will be a great addition to an already strong team. We expect that he will continue to deliver strong results in markets around the world, "said General Motors CEO Dan Akerson said in a statement according to Swedish business daily Dagend Industri.

Stefan Jacoby has previously worked at Mitsubishi, Volkswagen and Volvo Cars. On October 19, he was fired as president of the Swedish-Chinese vehicle manufacturer while he was recovering from a brain haemorrhage.

According to Stefan Jacoby, his farewell came as a surprise, and against his own will.
As he joins the GM he becomes part of a company that competes with his former employer.

"GM's management wants to win in all markets, and I am eager to contribute to it, "says Stefan Jacoby, in the press release report Swedish business daily Dagens Industri.
by Team

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