Saab's spinout
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Manufacturing News, Source : TheManufacturer.com
Published : 09 Mar 2005 16:05
Peter Augustsson, the chief executive of Saab Automobile since 2000, has decided to leave his position at Saab and General Motors.
GM had recently announced that an Opel plant in Ruesselsheim, Germany, will be its hub for production of midsize cars in Europe, instead of Saab’s plant in Trollhaettan, Sweden.
Carl-Peter Forster, president of GM Europe, will assume the role of chairman of the Saab Automobile board, and Jan-Ake Jonsson will assume the role of managing director for the brand. Augustsson's departure is effective April 1, as are the appointments of Forster and Jonsson.
Augustsson had joined Saab as executive vice president in 1998, rising to the chief executive role in 2000, and assuming the chairman title in 2002. He plans to open a business development company in the near future.
"This has been a very challenging, but exciting, time for me professionally," Augustsson said. "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. GM is committed to the brand and its growth potential, and there is every reason to believe we will have a solid production future here in Sweden.”
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