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Carmaker Volvo poaches VW executive as CEO-paper

FRANKFURT, June 24 (Reuters) - Premium-car maker Volvo, which Ford F.N is selling to China's Zhejiang Geely, has hired the head of Volkswagen's VOWG_p.DE North America business as its chief executive, a German newspaper reported.

VW executive Stefan Jacoby is to replace Briton Stephen Odell at the helm of Volvo in August, Frankfurter Allgemeine Zeitung reported, citing unspecified sources.

Odell is to become head of Ford’s European operations, the paper added.

Volkswagen and Jacoby could not be immediately reached for comment. (Reporting by Ludwig Burger and Jan Schwartz; Editing by David Holmes)

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