Logo 468


Advertisement:

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 (SECTION BANNER)

North Sea shrimp endangered species – or not


North Sea shrimp are now considered an endangered species and have been included on a upcoming red list by...

More

Stockholm Marathon reverses prize policy due to accusations of racism


Organisers of the Stockholm Marathon have reversed their policy of providing prize money only to Nordic...

More

Hisingsbacka without heat and hot water


A large part of Hisingsbacka has been without heat and hot water since 8:30am Thursday morning. The scheduled...

More

Swedish researchers find link to death of bees


Swedish researchers think they may have found the reason bees have been dying around the world.

Writing in the...

More

Obesity affects children's performance in school


A new report, released today, by the Karolinska Institutet, shows that overweight children perform less well...

More

Demonstration against violence in Gothenburg


Over 100 people, lead by the Tenant’s Association, gathered on Wednesday night at Gustav Adolfs Square...

More

Swedes found guilty of illegal fishing


After a many-year long legal process, two Gothenburg men have been found guilty of committing serious fishing...

More

Volvo sacks CEO Olof Persson

Olof Persson, former CEO and President of the Volvo Group, which is headquartered in Gothenburg, Sweden.

The Volvo Group says it has replaced its CEO and President Olof Persson with immediate effect. Martin Lundstedt, the boss of rival...

More

Major military exercise underway

The Swedish Armed Forces is this week carrying out major training exercises in Gothenburg. Some 1,200 soldiers...

More

Hisingen shooting: two more suspects placed on remand


A 20-year-old man was remanded in custody on Tuesday on charges of murder or complicity to murder in...

More

Manifestation to honour their murdered son


The parents of one of the young men killed in Biskopsgården want to honour their son. Together with...

More

New call centre creates 140 jobs


Customer service company GoExcellent says it plans to open an office in Gothenburg and needs to recruit 140...

More

Gothenburg to renovate Scandinavium


Calls for new stadium. Gothenburg's Scandinavium arena will stand for at least another ten years, following an agreement between the Social Democrats, Greens and Feminist Initiative...

More

New ‘fungus method’ can boost ethanol production


With the help of an edible Indonesian fungus, researchers in Borås have developed a method which they...

More

SKF records 16% sales growth


Bearing giant SKF has seen sales increase, but the ongoing restructuring resulted in profits weakening in the...

More

New arrests made over Hisingen murder


Two of the four men arrested over last week’s murder in Gothenburg were remanded in custody at the...

More

Syrian president al-Assad on Scandinavian IS involvement


In an exclusive video interview with Expressen, Syrian President Bashar al-Assad, expressed gratitude to...

More

Nonprofit organisations call for equality

Following recent shootings. In a joint statement, published April 16 in Göteborgs Posten, several nonprofit organisations wrote about the recent violence in Gothenburg and pleaded for...

More

Retailers want your worn out clothing


Several well known clothing retailers are encouraging customers to return their used or worn out clothing in...

More

Two fatal shootings in twelve hours


Local media reported this morning that a 55 year old man had been shot and killed just after 9:00pm Wednesday...

More

Gothenburg rocked by second shooting


A man in his 30s was shot in a car on Gunnared terrace in Angered this morning, police spokesman Björ...

More

Expect train and bus challenges this weekend


Starting Friday morning, the weekend will see canceled train and alternative bus services for commuters in...

More
More articles (for front page)

One dead in overnight shooting in Hisingen

Government unveils Spring Budget Bill

Mixed reactions to government’s budget

Hundreds of vacant jobs in Gothenburg

Poor results due to more than just a lack of effort

New campaign to show the ‘real’ Gothenburg

Herman the shark dies at Universeum

Government to invest in exports and innovation

Politicians critical of costly late fee

Chalmers students sue Volvo for 17 million kronor

Nordic neighbours unite against Russian threat

Popular cafe in Bovallstrand destroyed by fire


Main partners:

Main Partners (uni collaboration)

Social media:

Linda's twitter logo 2

Facebook






BRG Expat Guide



Advertisements:

Business Region Göteborg

Most read