Stefan Jacoby, whose most recent job was CEO of Volvo, has been hired by General Motors to head their international operations. Jacoby replaces Tim Lee who is slated to become chairman of GM China as that unit is split off from the rest of GM International. Lee will continue to head global manufacturing for the Detroit based automaker. The business unit that Jacoby will be running will still have operations in more than 100 markets in Africa, Asia Pacific and the Middle East.
Before Volvo, Jacoby had been CEO of Mitsubishi Europe and he had been in charge of Volkswagen’s U.S. operations, one of a number of positions that he held at VW. His tenure at Volvo ended following a mild stroke that he suffered in September of 2012, though it was reported that his health had less to do with his departure than a conflict with Volvo vice chairman Hans-Olov Olsson over strategy and executive hiring as well as a failure to meet sales growth objectives in China. Other than saying that he is fit to do the job, GM declined further comment on Jacoby’s health.
Jacoby is the latest former VW executive to be hired at GM, with Karl-Thomas Neumann now running Opel, Michael Lohscheller, Opel’s CFO and Tim Mahoney GM’s, head of global marketing, all joining the company within the past year.