The Saab Automobile AB Reconstruction Team

Posted on 15. Apr, 2009 by in 2000-2009

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The Saab Automobile AB Reconstruction team was appointed by judge Cecilia Tiselle at the Vänersborgs court on February 20th, and include four people directly responsible for the future of the company.

It should be known that the details of this reconstruction process does not actually involve the Saab Automobile AB Management board nor the Swedish Government, it’s just the reconstruction team themselves.

I am hopeful that this team will pull it off, they’ve already met the April 6th milestone according to court documents, and so it seems there is a good chance that they will meet May 20th’s as well unless they feel they need an extension.

Here are some brief summaries of the team for our reference.

Jan Ã…ke Jonsson – Saab Automobile CEO.

Jan Ã…ke Jonsson, Saab Automobile AB President since 2005 continues to lead the company through reconstruction.

Experience:
2005 – Managing Director of Saab Automobile
2002 – 2005 Sales & Marketing, Europe and Asia-Pacific, Saab Automobile
2002 – 2002 Executive Director and Vehicle Line Executive, Commercial vehicles, GM Europe
1997 – 2002 Vehicle Line Executive, Trucks/Vans/Mini-segment, GM Europe
1995 – 1997 Director, Business Unit 9000/9-5, Saab Automobile
1993 – 1995 Vice President, Quality and Customer Satisfaction, Saab Automobile
1991 – 1993 Vice President, Sales and Marketing, Saab Cars USA
1990 – 1991 Manager, Parts/Accessories/Service/Vehicle Distribution/IS, Saab Automobile
1985 – 1990 Director, Information Systems, Saab-Scania of America
1973 – 1985 Various positions in the Systems Development area, Saab-Scania AB

Guy Lofalk – State appointed attorney that is acting as administrator for Saab Automobile AB’s reconstruction process.

Lofalk runs his own legal firm and has lengthy experience in reconstructions.

Here are his accomplishments from his website
http://www.lofalk.se/eng_index.php:

The aim in founding Lofalk Advokatbyrå was primarily to utilise the opportunities available under Swedish law to rescue companies that are viable in the long-term, and thereby avoid unnecessary loss of value. We are actively engaged in developing the area of insolvency and turnarounds.

• Partner at Coudert Brothers Schurmann Grönberg, 1998–2002
• Partner at Hellström & Partners, 2002–2005
• Founder of Lofalk Advokatbyrå 2006
• Extensive experience in insolvency law, turnarounds, company restructuring, bankruptcies, venture capital investments, company law and litigation
• Advokat and member of the Swedish Bar Association since 1990.
• Member of Konkursförvaltarkollegiet (Association of Trustees in Bankruptcy)
• Member of the board of Insol Europe
• Joint Editor in Chief, Eurofenix
• International Insolvency Institute, founding member
• Author of several of the Swedish Bar Association´s responses to government consultation papers regarding modernisation of insolvency legislation.
• Expert advisor to the Federation of Private Enterprises.
• Author of a number of articles on insolvency and venture capital.

Stephen Taylor – International Expert on Reconstructions

Here are details about him from Alix Partners.

Stephen brings over twenty years of experience as a specialist in international business recovery and insolvency, serving clients across Europe, the Middle East, and Africa. His industry expertise includes textiles, manufacturing, retail, and real estate. He also has experience in various Asian markets.

Prior to joining AlixPartners, Stephen was the Eurofirm Business Recovery Leader at PricewaterhouseCoopers. In that role, he assisted clients by analyzing their market positions and cost structures, determining appropriate benchmarks and milestones, negotiating debt and capital structures, and identifying both quick wins and longer-term strategies. He is well known for challenging orthodoxy in the search for better solutions, and strongly believes that the traditional approaches found in many European countries are sub-optimal for ailing companies and economies. He led some of the first corporate cases under the European Insolvency Regulation to arbitrage the differences in bankruptcy law between the countries of Europe. He has also advised international political and financial institutions on the development of best practices in the field of insolvency and business recovery, including The World Bank Group, The European Commission, the Commonwealth Development Corporation, and several governments.

A frequent speaker throughout the world, Stephen is the author of the chapter on international insolvency in the Handbook of Credit Management, and a contributing editor to both Kluwers International Corporate Rescue and the Global Restructuring Yearbook (Euromoney). He is also a consulting and contributing editor for the latest edition of the highly successful European Restructuring and Insolvency Guide (White & Page) published in 2005.

Stephen is a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Association of Business Recovery Professionals (R3), and is a member of the American Bankruptcy Institute, INSOL Europe, and INSOL International. He holds a bachelor’s degree in music with honors from the Royal Holloway College, London University

Martin Brindley – Production and Vehicle Specialist

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