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Sweden: Wind-down supervisors replace Saab CEO & board

General Motors has replaced Saab’s chief executive Jan Ake Jonsson and the entire board with two wind-down supervisors, effective immediately. The supervisors, Stephen Taylor and Peter Torngren of restructuring advisors AlixPartners, have been officially appointed by the Swedish authorities. They will meet with management, unions and other stakeholders, and will It’s time to log in … Continued

General Motors has replaced Saab’s chief executive Jan Ake Jonsson and the entire board with two wind-down supervisors, effective immediately. The supervisors, Stephen Taylor and Peter Torngren of restructuring advisors AlixPartners, have been officially appointed by the Swedish authorities. They will meet with management, unions and other stakeholders, and will

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