Advertisement
/ Customer
service
| About Us | Contact Us | Tell us what you think
| Jobs |
Shopping | Scandinavian
Dating | Archive
| Cookies
Management
& Strategy
A conflict at the top level of Volvo Cars corporation is reported to be raging and it may infects the business and threatens to damage the company's business, according to sources close to Volvo car corporation, report various Swedish media sources quoting Reuters news agency.
It has to do with power struggle between the president and CEO, Stefan Jacoby, who is on sick leave after suffering from a stroke recently. The Vice Chairman Hans-Olov Olsson, a former Volvo CEO who was very active in the process when the Chinese company Geely bought Volvo 2010 is reported to be pricing his way to lead the company.
Sources
reported to Reuters said that there is growing tensions that is already
spilling into the company ground floor operations.
According to Reuters, Geely's billionaire chairman, Li Shufu, who is also Volvo chairman, brought back Olsson, a former Volvo CEO and four-decade veteran of the firm, to help keep Jacoby, a German, on his toes. Olsson, 70, chairs Volvo's board on behalf of Li, who doesn't speak English, Volvo's main working language.
But the difference in approach in management has led to conflict which came to a head last year when Olsson tried to persuade Jacoby to promote Olsson's son-in-law, Thomas Andersson, a vice president, to global head of sales, marketing and customer service, the sources said. Instead, Jacoby promoted a North America Volvo executive to that role.
The pair also appeared to disagree last year over whether Volvo would remain based in Sweden.
However, Volvo says Jacoby and Olsson have a constructive relationship and, according to one of the Volvo chairman's key lieutenants, Li believes his system of checks and balances is working properly and he has no immediate plans to intervene, writes Reuters.
"There is nothing in their relationship that affect the company negatively," says Bodil Eriksson, Director of Communications at Volvo Cars, according to reports.
Read more details about this news item from Reuters
Scancomark.com Team
Advertisement
Conflict reported inside Volvo Car Corp.'s top management
Tuesday, 02 October 2012A conflict at the top level of Volvo Cars corporation is reported to be raging and it may infects the business and threatens to damage the company's business, according to sources close to Volvo car corporation, report various Swedish media sources quoting Reuters news agency.
It has to do with power struggle between the president and CEO, Stefan Jacoby, who is on sick leave after suffering from a stroke recently. The Vice Chairman Hans-Olov Olsson, a former Volvo CEO who was very active in the process when the Chinese company Geely bought Volvo 2010 is reported to be pricing his way to lead the company.
Sources
reported to Reuters said that there is growing tensions that is already
spilling into the company ground floor operations.According to Reuters, Geely's billionaire chairman, Li Shufu, who is also Volvo chairman, brought back Olsson, a former Volvo CEO and four-decade veteran of the firm, to help keep Jacoby, a German, on his toes. Olsson, 70, chairs Volvo's board on behalf of Li, who doesn't speak English, Volvo's main working language.
But the difference in approach in management has led to conflict which came to a head last year when Olsson tried to persuade Jacoby to promote Olsson's son-in-law, Thomas Andersson, a vice president, to global head of sales, marketing and customer service, the sources said. Instead, Jacoby promoted a North America Volvo executive to that role.
The pair also appeared to disagree last year over whether Volvo would remain based in Sweden.
However, Volvo says Jacoby and Olsson have a constructive relationship and, according to one of the Volvo chairman's key lieutenants, Li believes his system of checks and balances is working properly and he has no immediate plans to intervene, writes Reuters.
"There is nothing in their relationship that affect the company negatively," says Bodil Eriksson, Director of Communications at Volvo Cars, according to reports.
Read more details about this news item from Reuters
Scancomark.com Team
Scancomark.com
Fronpage
| Scandinvia
Today | Companies
| Market
| Competitiveness | Management
| Political Economy |
Support and Contact Support | Corrections | Contact Us
Connect with Scandinavian Companies and Market
Support and Contact Support | Corrections | Contact Us
Connect with Scandinavian Companies and Market
©
Scandinavian Companies and Market Magazine 2012. | Scandinavian
Companies and Market and Scancomark are registered trade mark of
Scandinavian Companies and Market / Granscole Establishment.
|
||||
