Geely-property Volvo Cars brings former Chief Hakan Samuelsson back as CEO after the surprising departure of the current CEO Jim Rowan.
Volvo said that Semuelsson will serve a period of two years, from 1 April 2025 while it is looking for a long -term successor.
We are very pleased to welcome Hakan Samuelsson as CEO, “said Eric Li, chairman of the board.” Hakan led Volvo cars through one of the most transforming and value-creating decades of revitalization of the brand, is spreading to new markets and executively his listed IPO. He brings a rare combination of industrial depth, strategic clarity and proven leadership and Hakan has a broad knowledge of our group. As the industry starts an even more complex phase, we believe that his experience and steady hand are exactly what is needed to strengthen the worldwide position of Volvo Cars and to unlock the next wave of potential. “
Jim Rowan, who has been served as CEO since 2022, will resign on March 31, 2025 and leave the Volvo Cars Board on the same date. The appointment of Rowan followed the Volvo cars in the Stockholm sharing market in 2021.
Industrial analysts note that Volvo Cars faces a number of major challenges, including the imposition of import rates for shipments to the US, an important market for the company.
“Samuelsson Back as CEO at Volvo Cars” was originally made and published by Just Auto, a Global Data brand.
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