Saab CEO Jan Ake Jonsson will retire from Saab on May 19th, with the 59 year old executive leaving Saab during a tumultuous time. Saab Chairman Victor Muller will act as interim CEO as a search for a replacement gets underway.
Jonsson, who was reportedly planning to retire regardless of the situation, will assist with the personnel changes and be available to Saab until September 1st. Jonsson, who worked for Saab for nearly 40 years, released a statement, that read”The last three years have of course been very demanding and forced me to focus on one thing only — my work. Now it is time for me to also spend some time on other things that had to stand back for my duties to Saab. I am convinced that Saab is on the right track toward replacing the entire product portfolio by October 2012 — when the next generation 9-3 will be launched — as well as creating a stand-alone company with a financially sound business model.”
Saab sales were up 15 percent in 2010, and parent company Spyker expects the division to be profitable by 2012.
[Source: Automotive News]