Saab Automobile today announced that Jan Åke Jonsson has decided to retire from his position as president and CEO of the brand, with effect from May 19.

A search for a successor has been initiated and Jonsson has agreed to assist Saab Automobile’s management with a smooth transition to his successor, by remaining available until September 1, 2011.

Victor Muller, chairman, will temporarily assume the role of Saab president and CEO until a new CEO is appointed.

Jonsson said: “I have been with Saab Automobile for almost my entire career of 40 years, of which almost six years as the head of Saab Automobile.

"The last three years have of course been very demanding and forced me to focus on one thing only – my work. Now it is time for me to also spend some time on other things that had to stand back for my duties to Saab Automobile.

“We have already accomplished so many things that many thought were impossible and I am convinced that Saab Automobile is on the right track towards replacing the entire product portfolio by October 2012 - when the next generation 9-3 will be launched - as well as creating a stand-alone company with a financially sound business model.”