Swedish Defense Firm Saab Appoints New CEO

STOCKHOLM (AP) -- Swedish aerospace and defense firm Saab AB says it has appointed Hakan Buskhe as its new president and chief executive.

Buskhe is currently the CEO of energy firm E.ON AG's Swedish operations and president of E.ON Nordic.

He will take up his position with Saab on Nov. 1 at the latest.

The 46-year-old will replace Ake Svensson, who will leave Saab on Sept. 1 to become president of the Association of Swedish Engineering Industries.

Saab, which makes fighter jet Gripen and various weapons systems, has about 13,000 employees. It sold its automobile division with the same name to General Motors Co. in 2000, which has recently divested it to Dutch carmaker Spyker Cars NV.

More in Aerospace