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Saab CEO Resigns

Published onsdag 9 mars 2005 kl 12.44
Peter Augustsson

Saab Automobile, a subsidiary of US group General Motors, has announced the resignation of chief executive Peter Augustsson. 

Augustsson is leaving to create a business development company.  His resignation comes in the wake of GM’s choice to build its next mid-size car range with Opel in Germany rather than with Sweden’s Saab.

Augustsson, who was the Saab CEO since 2000, had been chairman of the board of directors since 2002. 

”I felt that it was the right time for me to move on to something I’ve wanted to do for some time,” Augustsson said in the company statement.  ”This has been a very challenging, but exciting, time for me professionally. I am absolutely convinced that the direction GM is taking the Saab brand is good for the brand and the local employees here in Sweden.”

Saab said Jan-Ake Jonsson, the General Motors Europe sales and marketing director for the Nordic region, would assume the role of managing director for the Saab brand.   Carl-Peter Forster, president of General Motors Europe, will succeed him as chairman of the Saab board.

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