UPDATE 1-Carmaker Volvo poaches VW executive as CEO-paper

Newswire

* Report: Volvo has hired VW executive as new CEO * VW says remains in contract talks with Stefan Jacoby (Adds comment from VW, background) FRANKFURT, June 24 (Reuters) - Premium-car maker Volvo, which Ford is selling to China's Zhejiang Geely, has hired the head of Volkswagen's North America business as its chief executive, a German newspaper reported. Stefan Jacoby, chief executive of Volkswagen Group of America, is to replace Briton Stephen Odell at the helm of Volvo in August, ...

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