SWEDEN: Former Volvo boss hits out at sacking
Jacoby (right) in happier, pre-Volvo times as head of Volkswagen in the US. He was launching the redesigned Jetta with singer Katy Perry in this July 2010 file photo
Stefan Jacoby, the former CEO of Volvo Cars, has admitted to feeling cheated by his old company after he was fired last year while recovering from a stroke.
Jacoby told Dagens Industri newspaper he had no warning he would be sacked by the Swedish company.
“I was shocked,” he said.
“After everything I did over two years, it felt like I’d been tossed out like rubbish. It was really, really tough. There was surely a more elegant way to handle it.”
The former CEO suffered a stroke at home mid-September although he later claimed it was only minor. In October, Håkan Samuelsson, former chairman of German truck maker MAN, was named the new Volvo Cars CEO.
Jacoby told the newspaper it felt “very strange” to be informed of his redundancy when he was in the middle of a sickness.
“I was kicked out right in the middle of the game. And to this day I’ve still not had any explanation of why it happened.”
Despite losing his job, Jacoby admitted that it opened a new door in his life.
“I really loved my job, maybe too much. It was a shock, but on the other hand, it gave me a chance to do something new.”