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Stefan Jacoby Steps Down as Volvo's CEO, is Replaced by Hakan Samuelsson


Stefan Jacoby's tenure as CEO of the Volvo Car Group has ended after only a little over two years with the Swedish carmaker announcing that he is being replaced by HÃ¥kan Samuelsson, currently Board member and former chief of MAN trucking, effective immediately.

Even though Jacoby did suffer a mild stroke last month, the vice chairman of Volvo Car Group, Hans-Olov Olsson told reporters that that his health was not the reason why Volvo's board members decided to replace him.

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