The West

Volvo chief  takes leave after stroke
Volvo chief takes leave after stroke

The president and chief executive of Volvo Car Corp has suspended his duties within the company for the next month due to a stroke, the company says.

Chief financial officer Jan Gurander will serve as acting chief executive during the absence.

Volvo on Sunday said chief executive Stefan Jacoby had started his recovery process after suffering a mild stroke last week.

"I was lucky that it was a mild stroke," Mr Jacoby said in a news release.

"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.

"Now, I will focus on resting and exercising, in order to get back to work as soon as possible.

"I am, however, in ongoing contact with the Volvo Car Corporation executive management team and the board of directors."

Mr Jacoby, who was born in 1958, has been chief executive of the carmaker since August 2010. Prior to that, he was president and chief executive of Volkswagen Group of America Inc.

The iconic Swedish car brand was bought in 2010 by the Chinese carmaker Zhejiang Geely Holding Group for $US1.8 billion ($A1.73 billion) from Ford Motor Co.

The West Australian

Latest News From The West

Popular videos