Logo 468

Job section - 468

Swede appointed CEO of Volvo Cars

Linda Genborg 2012-10-19

Håkan Samuelsson
Image:Volvo Cars
Håkan Samuelsson

Swede Håkan Samuelsson is the new CEO of Volvo Cars. He was presented by the Volvo management at a press conference in Stockholm on Friday morning. The Board of Directors claims the change of CEO has nothing to do with former CEO Stefan Jacoby's health. 

61-year-old Håkan Samuelsson was the CEO of German industry Group MAN until 2009. He has been an independent member of the Board of Directors of the Volvo Cars Group since 2010.

“After twelve years abroad in Munich, I will now return to Sweden. I will move to Gothenburg right away. This is a great challenge, and not an easy task. But I know the company well after two years in the board,” said Håkan Samuelsson (cited in Göteborgs-Posten).

He continued to say that Stefan Jacoby had pointed out the right direction and worked hard to strengthen the Volvo brand. Samuelsson said he will continue this work, and also that he realizes that Volvo has challenging times ahead.

“The market is very tough. Not the least in Europe, with faltering economies. But we are not pleased with the sales figures in China either. Volvo has to become a more profitable company, and this will be my main focus. The growth markets must improve, especially in China.”

Göteborgs-Posten writes that Stefan Jacoby most likely has been fired. Sales figures have dropped more for Volvo than for its competition, and the development in China has not gone according to plans.


GP writes:

“There would have been a change of CEO even if Jacoby had been perfectly healthy. He has not gone along with Hans-Olov Olsson, who is vice president of the Volvo Cars board, and who effectively controls the company at the highest level. The disease made it impossible for Jacoby to defend his position.”

Related article

2012-10-19 08:24 
Volvo Cars to unveil new CEO

2012-09-24 09:19 
Volvo Cars CEO suffers stroke

2012-09-05 11:49 
Volvo Cars sees profits plunge

2012-05-14 13:59 
Volvo Cars: nine out of eleven executives replaced

Post comment     Tip a friend     Print

News 620w

Wallander author Henning Mankell dies at 67

Henning Mankell

One of Sweden’s biggest authors, Henning Mankell, best known for his Wallander crime series, has died...


Offered housing for refugees – but no interest from authorities

The situation for refugees in Gothenburg is becoming more acute. At the same time, authorities are showing...


Burglars invade home of murdered man

On the morning of April 23, 2015, police were alerted to a residence in Saltholmen where relatives had...


Police presence at Stena Line Germany Terminal

For the second time this week, a large police presence gathered on Friday at Stena Line’s Germany...


19 and 20 year old sentenced for serial robberies

Two men, aged 19 and 20 years old, have been sentenced for twelve brutal robberies in Gothenburg which...


Cleaning up Gothenburg’s water ways

Government and non-profit organisations have been busy cleaning up trash and litter from Gothenburg’s...


Kjell Bergqvist supports refugees at Central Station

Actor Kjell Bergqvist made his feelings known at Tuesday night’s Hela Sverige Skramlar event when he...


New bank notes today

Today, October 1, is the day that Sweden’s new bank notes are released to the public. The notes will be...


Charity gala raises SEK40m for refugee crisis

Comedians, TV personalities, a renowned professor and more than 60 artists took part in last night’s...


Some rice products high in arsenic

By FASTILY (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

New recommendations. Sweden’s National Food Agency has found “fairly high levels” of arsenic in some rice and rice products. It now recommends that children shouldn’t eat rice more than four times...


Converted attics can help tackle housing shortage

On Tuesday Gothenburg’s Planning Committee (Bygnadsnämden) is expected to make a decision on plans...


Rare eclipse seen from Gothenburg

Early on Monday morning a rare supermoon lunar eclipse was visible in Sweden and across Europe.

“It was...


Housing providers charge big fees for housing refugees 

Transitional accommodation providers are charging the City of Gothenburg around 2,000 kronor per person per...


Strong summer for hospitality industry

Despite poor weather during large parts of June and July, the hospitality industry in West Sweden had a...

More articles 620w

Mölndal and Gothenburg join to help unaccompanied children

Gothenburg’s book fair opens today

Big interest for Lindholmen’s big skyscraper

Human remains discovered in Lärjeån

Destitute in Sweden

Gothia Cup spreads to China

Rail ‘abnormality’ disrupts train services

Media calls for active diplomacy in Dawit Isaak case

Johansson says thanks, but no thanks

Children went missing from school

BRG 300

Most read

Search Search help

BRG Expat Guide

Main Partners 620