Volvo CEO Jim Rowan has made sweeping modifications to his management workforce, naming two deputy CEOs and transferring 4 of the 11 executives off the automaker’s highest administration tier, as Volvo gears as much as turn into an electric-only model by 2030.
It’s Rowan’s largest personnel transfer made to date. The previous Dyson Group government succeeded longtime CEO Hakan Samuelsson in March.
The executives gaining promotions are Bjorn Annwall and Javier Varela.
Annwall, who’s Volvo’s chief monetary officer, will turn into deputy CEO and chief industrial officer. In his second position Annwall succeeds Lex Kerssemakers, who will retire this year and transfer into an advisory position, becoming a member of a newly fashioned board beneath Volvo’s top-level government administration workforce.
Annwall was named Volvo’s chief financial officer last April and performed a key position within the automaker’s stock exchange listing final October.
Previous to serving as CFO Annwall was Volvo’s head of the Europe, Center East and Africa (EMEA), the place he led the automaker’s aggressive transfer into on-line gross sales, which shall be a key a part of his new job since Volvo desires half of its world gross sales to be performed on-line by 2025.
In the course of the seek for Annwall’s successor Johan Ekdahl, head of worldwide accounting and group reporting, will function interim CFO.
Varela, who’s answerable for R&D, manufacturing, procurement, provide chain and high quality, will turn into deputy CEO and chief working officer. He performed a key position within the 2018 opening of Volvo’s U.S. plant close to Charleston, South Carolina. He has additionally been overseeing main manufacturing modifications that embody switching to megacasting for giant aluminum physique elements.
The 4 members of Volvo’s government administration workforce who will transfer to the group administration workforce are: Asia Pacific President Xiaolin Yuan, Americas President Anders Gustafsson, Europe Center East and Africa President Arek Nowinski, and Henrik Inexperienced, who will transition from head of product creation to move of superior expertise and sustainability (see full board memberships beneath).
Inexperienced shall be tasked with solidifying Volvo’s place as a supplier of enhanced shopper expertise via expertise and sustainability and to align this with Volvo’s goal to be local weather impartial by 2040.
“Our strategic route is evident … we are going to create worth via expertise and product improvement, digital and software program capabilities. That is why now we have determined to simplify our construction with clear duties, and improve execution and nearer collaboration throughout the complete enterprise,” Rowan said in a statement.
The modifications take impact June 20.
