Volvo names Annwall, Varela deputy CEOs

Volvo CEO Jim Rowan has manufactured sweeping variations to his management group, naming two deputy CEOs and going four of the 11 executives off the automaker’s optimum management tier, as Volvo gears up to turn out to be an electrical-only manufacturer by 2030.

It is the most significant personnel go produced consequently far by Rowan, a previous Dyson Group executive, who succeeded longtime CEO Hakan Samuelsson in March.

The executives getting promotions are Bjorn Annwall and Javier Varela.

Annwall, who is at this time Volvo’s main money officer, will turn into deputy CEO and main commercial officer. In his 2nd position Annwall succeeds Lex Kerssemakers, who will retire this year and go into an advisory job, joining a recently shaped board down below Volvo’s leading-amount executive management group.

Annwall was named Volvo’s chief financial officer final April and played a important job in the automaker’s stock trade listing past Oct.

Prior to serving as CFO Annwall was Volvo’s head of the Europe, Middle East and Africa (EMEA), where by he led the automaker’s aggressive transfer into on line gross sales, which will be a essential aspect of his new career given that Volvo wants 50 % of its world wide profits to be done on the net by 2025.

Through the research for Annwall’s successor Johan Ekdahl, currently head of global accounting and group reporting, will provide as interim CFO.

Varela, who is dependable for R&D, production, procurement, offer chain and top quality, will turn out to be deputy CEO and main working officer. He played a vital job in the 2018 opening of Volvo’s U.S. plant near Charleston, South Carolina. He has also been overseeing major output adjustments that involve switching to megacasting for big aluminum system sections.

The 4 members of Volvo’s government management staff who will shift to the team management group are: Asia Pacific President Xiaolin Yuan, Americas President Anders Gustafsson, Europe Center East and Africa President Arek Nowinski, and Henrik Environmentally friendly, who will transition from head of product or service development to head of advanced technological know-how and sustainability (see comprehensive board memberships down below).

Eco-friendly will be tasked with solidifying Volvo’s placement as a company of improved buyer knowledge by means of engineering and sustainability and to align this with Volvo’s aim to be local climate neutral by 2040.

“Our strategic direction is crystal clear … we will build benefit by means of technologies and solution progress, electronic and software capabilities. That’s why we have made the decision to simplify our composition with very clear duties, and raise execution and closer collaboration across the complete small business,” Rowan said in a assertion.

The variations consider result June 20.