Volvo Automobiles Strengthens Its Management, Sharpening the Deal with Product & Industrial Duty

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The introduced modifications underline the corporate’s continued dedication to enhancing its buyer providing, guaranteeing the fitting product line-up for every area, and delivering stronger industrial efficiency.

Erik Severinson has been appointed Chief Industrial Officer, efficient instantly. As a part of his new position, Erik will proceed to serve on Volvo Automobiles’ Government Administration Group. Having spent his profession at Volvo Automobiles working throughout finance, technique and product, Erik most not too long ago served as Chief Product & Technique Officer.

As well as, Michael Fleiss returns to Volvo Automobiles, changing Erik as Chief Technique & Product Officer. Michael, with broad expertise in product improvement and planning, spent practically 10 years at Volvo Automobiles earlier than becoming a member of Aurobay, which was later acquired by Horse Powertrain — the three way partnership between Geely and Renault. His experience shall be a worthwhile asset as we speed up in the direction of an all-electric future.

Alongside these appointments, Volvo Automobiles’ industrial workforce will refresh its method. The newly introduced areas will type the industrial workforce underneath Erik Severinson’s management. As well as, Volvo Automobiles will appoint Product Line House owners for its product strains. These shall be reporting to the Chief Industrial Officer.

“I’m more than happy to welcome Erik to this new position, and to welcome Michael again to Volvo Automobiles,” says Håkan Samuelsson, CEO of Volvo Automobiles. “Erik and Michael are extremely skilled  and brings a deep understanding of our firm and prospects, technique and operations. The modifications we’re doing will strengthen Volvo Automobiles at this pivotal second for the corporate and the trade.”

“In a quickly altering and extremely aggressive market, we have to be extra related than ever to our prospects’ expectations throughout each area,” says Erik Severinson, Volvo Automobiles’ newly appointed Chief Industrial Officer. “I’m excited to deliver our regional, product and industrial groups nearer collectively to make sure we’re delivering a compelling supply to each buyer — wherever they’re — and strengthening Volvo Automobiles’ place as a very customer-centric, world model”.

“I’m delighted to return to Volvo Automobiles and tackle the position of Chief Technique & Product Officer,” says Michael Fleiss. “While it is a difficult time for the trade, it’s an extremely energising second to be in technique improvement. We’re in the course of a transformative change pushed by electrification and expertise, and Volvo Automobiles is well-positioned to cleared the path in delivering these advantages to prospects.”

To safe the execution of the corporate’s goals, a brand new management construction shall be created to make sure an efficient efficiency steering. Please discover updates on the Investor Relations web site.

Volvo Automobiles in 2024
For the total yr 2024, Volvo Automotive Group recorded a record-breaking core working revenue of SEK 27 billion. Income in 2024 amounted to an all-time excessive of SEK 400.2 billion, whereas world gross sales reached a document 763,389 automobiles.

About Volvo Automotive Group
Volvo Automobiles was based in 1927. In the present day, it is likely one of the most well-known and revered automobile manufacturers on the earth with gross sales to prospects in additional than 100 international locations. Volvo Automobiles is listed on the Nasdaq Stockholm change, the place it’s traded underneath the ticker “VOLCAR B”.

“For all times. To offer individuals the liberty to maneuver in a private, sustainable and secure approach.” This objective is mirrored in Volvo Automobiles’ ambition to develop into a completely electrical automobile maker and in its dedication to an ongoing discount of its carbon footprint, with the ambition to realize net-zero greenhouse fuel emissions by 2040.

As of December 2024, Volvo Automobiles employed roughly 42,600 full-time workers. Volvo Automobiles’ head workplace, product improvement, advertising and administration features are primarily situated in Gothenburg, Sweden. Volvo Automobiles’ manufacturing vegetation are situated in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The corporate additionally has R&D and design centres in Gothenburg and Shanghai (China).