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)

‘A new era for Volvo Cars’

The all-new XC90

Volvo Cars unveiled its new XC90 SUV to around 700 journalists from around the world in Stockholm on Tuesday....

More

New children’s hospital given green light

Illustration of the new hospital's exterior

A new ultra-modern children’s hospital will be built in Gothenburg following a decision from the county...

More

C1

Politicians positive about congestion charge support

<span>A congestion charge control point at Stigberget in western Gothenburg</span>

Politicians are pleased that more Gothenburg residents are in agreement with the congestion charge, reports...

More

New Volvo premieres today

<span>Front view of the all-new XC90</span>

The all new XC 90 Volvo will be having its world premiere in Värmdö outside Stockholm today,...

More

C2

Thousands without connectivity


Thunderstorms have caused major problems for the telecommunication networks in West Sweden which may not be...

More

Intoxicated thieves try to outrun police


Two car thieves under the influence of drugs were arrested after a police car chase early Tuesday morning.

More

Body parts found in west coast field


Police in West Sweden said on Monday that they had found human body parts in a field in Näsinge, outside...

More

Thousands rally against neo-Nazi party


A few thousand people demonstrated against the neo-Nazi political party “Party of the Swedes”...

More

Mother faces trial after son overdosed


A Borås woman has been accused of trying to kill her handicapped adult son by giving him extremely high...

More

Dramatic storm in Gothenburg

The storm cloud rolling in over western Gothenburg on Sunday evening

The Gothenburg region was hit by severe thunderstorms on Sunday night, with nearly 800 lighting strikes...

More

Bomb scare false alarm


Yesterday police cordoned off an area of J Sigfrid Edström street in Gothenburg due to a bomb scare.

More

Tom Johnstone to leave SKF

SKF's Scottish CEO Tom Johnstone will step down from his post at the end of the year

CEO Tom Johnstone will be leaving his post at SKF at the end of this year, announced the Gothenburg company...

More

Basement overrun with rats


Hundreds of rats have taken over a basement bathroom in an apartment block in Hammarkullen.

A son to one of...

More

Weather warning for Gothenburg


The SMHI has now changed the weather warning to Class 1 for Västra Götaland County, Bohuslän...

More

Cars destroyed by fire


Up to five cars were destroyed in two separate fires in Gothenburg last night, reports local media.

At around...

More

Moderate pol opposes West Link tunnel


The Moderate Party in Gothenburg’s Martin Wannholt has gone against his party’s stance and...

More

Sales trend may create jobs at Volvo Cars


Earlier today Volvo Cars reported improving sales figures for the first six months of the year. The positive...

More

Volvo Cars posts ‘solid’ half-year result


Volvo Cars said on Wednesday that its profits had soared on the back of strong demand in key markets such as...

More

Floods continue in West Sweden


Rain continued to fall during the night over flood affected Halland, and in northern Bohuslän car and...

More

Lindex collaborates with Gaultier



Gothenburg company Lindex has presented the first images of its Jean Paul Gaultier for Lindex collection.

More

Heavy rain causes floods in Halland


Heavy rain over western Sweden has caused major flooding problems, particularly in the Halland County, where...

More

Heavy rain may hit Gothenburg


Swedish Meterological Institute SMHI has issued a warning for heavy rain for the Gothenburg region on Tuesday...

More
More articles (for front page)

Man found shot in Bergsjön

Minister attacked with cake

Social Dems promise to raise teachers’ salaries

Reinfeldt calls on Swedes to be patient

Sweden's first snowfall?

Hunger strikers go to hospital

Big fight in Majorna

Bohus school investigated in rape case

Horse racing in city centre

Nevs bankruptcy petition withdrawn

Moat bridge design complete

Moderate MP wants ban on begging


Main partners:

Main Partners (uni collaboration)

Social media:

Linda's twitter logo 2

Facebook








BRG Expat Guide



Advertisements:

Business Region Göteborg

Nordstan D

Most read


Search          Search help

Tip the editor