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SAAB News: Saab's Court Administrator Quits

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William Maley

Editor/Reporter - CheersandGears.com

December 15, 2011

Guy Lofalk, the court-appointed administrator of Saab’s voluntary reorganization is quitting his post.

“The Saab companies and Guy Lofalk have jointly requested that Guy Lofalk will be dismissed as administrator and that lawyer Lars-Henrik Andersson is appointed as a new administrator," said a statement on the Vanersborg District Court website.

Saab spokesman, Eric Geers stated that it was Lofalk’s own decision to quit. However, reports from the Swedish media conflict with Geers statement, indicating that Victor Mueller, CEO of Saab parent company Sweidsh Automobile, was eager for Lofalk to leave.

The Vanersborg District Court was originally going to decide whether to approve Lofalk’s application to end the reorganisation process for Saab tomorrow, but has been pushed to next week in light of the news.

Source: Autocar


Saab Gets Two Lifelines

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