Friday, October 5, 2012

Boardroom battles may be hurting Jacoby's bid to turn Volvo around

Boardroom battles may be hurting Jacoby's bid to turn Volvo around

Escalating tensions between Volvo CEO Stefan Jacoby and Volvo Vice Chairman Hans-Olov Olsson may be working against the Swedish brand's stated goals of regaining lost European market share, as well as remaining relevant as a luxury brand on the world stage. Reports indicate that Jacoby and Olsson have clashed on statements made about Volvo group strategies, as well as butted heads on a "key executive appointment" in recent weeks.

Autoblog , Boardroom battles may be hurting Jacoby's bid to turn Volvo around, Boardroom battles may be hurting Jacoby's bid to turn Volvo around

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