Volvocar's CFO quietly resigns
Thursday, 20 June 2013
Swedish Chinese owned automaker, Volvo Cars corporation said on
Thursday that its chief financial officer, Jan Gurander is stepping
down and will be replaced by his current deputy, Hans Oscarsson.
According to media reports, the company, owned by China's Zhejiang
Geely Holding Group Co Ltd, gave no explanation for Gurander's decision
to leave the post, which he has held since 2011.
The company has been forced to cut costs due to slowing sales and has
had troubles building up volumes in China, where it wants significantly
to boost its market presence, reports Reuters
There should be no confusion between Volvo Cars Corporation and
Volvo AB. The later is the heavy-duty vehicle manufacturer and is not
Chinese owned. The former is the passenger carmaker and is Chinese
By Scancomark.com Team