- English
Volvo Cars reappointed Hakan Samuelsson as chief executive on Sunday. He was CEO of the company between 2012 and 2022.
Samuelsson, 74, will succeed Jim Rowan. He will resign on March 31. Samuelsson will serve a two-year term. The group is preparing to name a long-term successor, according to a statement made on Sunday.
Rowan’s departure comes just about three years after his appointment in January 2022, which followed Volvo’s listing on the Stockholm Stock Exchange in 2021.
„We are very pleased to welcome Hakan Samuelsson back as CEO,” said Eric Li, Chairman of the Volvo Cars Board. Li said society is facing rapid technological change, growing geopolitical challenges and intensifying competition.
„He brings a rare combination of industrial depth, strategic clarity and proven leadership. Hakan has extensive knowledge of our group,” Li said.
Volvo Cars is majority-owned by the Chinese company Geely. The company warned that 2025 will be a tumultuous and competitive year. During it, they could struggle to match sales performance and profitability in 2024.
