Prime Mover Magazine

Volvo appoints new CEO

With the retirement of Leif Johansson, Volvo has appointed Olof Persson as its new CEO. Mr Persson comes from the construction equipment arm of the global Volvo organisation. He is set to take over on 1 September, 2011 when Mr Johansson steps down after 14 years as CEO.

“During his time at Volvo Aero and Volvo Construction Equipment, Olof Persson has gained the right experience and demonstrated the characteristics that make him highly suited to take over as President of AB Volvo and CEO of the Volvo Group,” said Louis Schweitzer, Board Chairman at Volvo.

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