Volvo Cars picks Hakan Samuelsson as new CEOLast month, Volvo Cars warned that 2025 would be a tumultuous and competitive year during which it might struggle to match its 2024 sales performance and profitability.
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Volvo's new electric car ES90 is displayed at an event at Artipelag outside Stockholm, Sweden, March 5, 2025.
Reuters
Volvo Cars has appointed Hakan Samuelsson as its new chief executive, effective April 1, 2025, it said on Sunday.
Samuelsson had previously served as the company's CEO for about a decade from 2012 to 2022. He will succeed Jim Rowan, who will step down on March 31.
Last month, Volvo Cars warned that 2025 would be a tumultuous and competitive year during which it might struggle to match its 2024 sales performance and profitability.